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.
Path: Gateway of Tally -> F11 Features -> Accounting Features
Maintain budgets and controls: Yes
Press enter to save the screen
Path: Gateway of Tally -> Accounts Info -> Budgets -> Create
Path: Gateway of Tally -> Accounting Vouchers -> F5 Payment
Telephone Expense A/c Debit
Bank A/c Credit
Printing and Stationery A/c Debit
Travelling Expenses A/c Debit
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)
Click on Budget variance and observe the report
Cost Centre and Cost Category in Tally ERP9
Interest Calculation in Tally ERP9
List of Shortcut Keys in Tally ERP9
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