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Budgets in Tally ERP9

A budget is useful to control and monitor the funds efficiently. Multiple budgets can be created in Tally.ERP9 and can be compared with the actual values and variance report can be generated.

 

 

How to enable Budget Feature in Tally ERP9

 

Path: Gateway of Tally -> F11 Features -> Accounting Features

 

 

Maintain budgets and controls: Yes

 

Press enter to save the screen

 

 

 

How to Create Budget in Tally ERP9

 

Path: Gateway of Tally -> Accounts Info -> Budgets -> Create

 

 

 

 

 

 

 

Record the payment transactions by using payment voucher

 

Path: Gateway of Tally -> Accounting Vouchers -> F5 Payment

 

Telephone Expense A/c Debit

 

Bank A/c Credit

 

 

Printing and Stationery A/c Debit

 

Bank A/c Credit

 

 

Travelling Expenses A/c Debit

 

Bank A/c Credit

 

 

 

Displaying Budgets and Variance for groups and ledgers

 

Path: Gateway of Tally -> Display -> Trail Balance

 

Click on Indirect Expenses

 

If you have created budget at group level then select group in Trail Balance

 

 

Click on Budget Variance

 

Select the budget from the list of Budgets

 

 

 

 

 

 

 

The first column indicates created budget as an “expenses budget”

 

The second column indicates actual expenses booked

 

Third column indicates budget variance, if budget exceeded then the excess budget value will display with minus value and percentage.

 

For more detailed, record telephone expenses with Rs.30,000/- by using payment voucher (F5)

 

 

 

Check the budget report

 

Path: Gateway of Tally -> Display -> Trail Balance

 

Click on Indirect Expenses

 

Click on Budget variance and observe the report

 

 

 

 

 

Related Topics

 

Cost Centre and Cost Category in Tally ERP9

 

Interest Calculation in Tally ERP9

 

List of Shortcut Keys in Tally ERP9

 

 

 

 

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