A budget plan is an arrangement arranged for the progression of assets in an association. It contains budgetary rules for the likely arrangement of activity for a chose timeframe. A spending assists with refining objectives and use reserves proficiently. It gives precise data to assessment of monetary exercises, helps in dynamic and gives a reference to future arranging. You can adjust a spending utilizing the modify alternative. You can likewise erase a budget
Numerous budgets can be made for explicit purposes in Tally. ERP 9. Financial plans for Banks, Head workplaces, Departmental financial plans like Marketing Budgets, Finance Budgets, etc., can likewise be made. The Budgeted figures in Tally. ERP 9 can be contrasted and Actual figures and change report can be produced..
Create a budget:
In Tally. ERP 9, you can create a budget for groups, ledger accounts, and cost centers. press F11-F1 “Maintain budgets & Control” enable the option
1. Gateway of Tally > Accounts Info. > Budgets > Create .
2. Enter a Name for your budget in the Budget Creation screen.
3. Select from the List of Budgets for Under field. You can have a hierarchical setup for budgets. In the List of Budgets, Primary is at the top of the hierarchy and you can create more primary budgets. Sub-budgets can be created under Primary budgets.
4. Enter the period of the budget in the From and To fields. The period entered can be a month, a year or any other period.
5. In Set/Alter Budgets of , select:
o Groups – To create a budget for a Group of ledger accounts.
o Ledgers – To create a budget for Ledgers.
o Cost Centres – To create a budget for Cost Centres.
6. Press Ctrl+A to accept .
Alter a Budget:
1. Go to Gateway of Tally > Accounts Info > Budgets > Alter.
2. Modify the Budget Alteration screen.
3. Change the period or change budgets of Groups , Ledgers , and Cost Centers