Creating Budgets for Cost Centres

The purpose of a budget is to control expenditure. You can create multiple budgets in Tally.ERP 9, each for a specific purpose such as for the Bank, for the Head Office, Marketing budgets, Finance budgets, and so on.

  1. In the Cost Centres field in the Budget Creation/Alteration screen, set Yes  to set budgets for cost centres.

Budget Creation/Alteration screen

  1. In the Cost Centre Budget screen, select a Cost Centre from the List of Cost Centres and enter Cost Centre.

  2. Enter a budget figure in Expenses for the cost centre.

  3. Enter a budget figure in Income for the cost centre.

  4. Enter Closing Balance.

  5. Accept to save.

  Budget created in Tally ERP 9, it does not appear in Trial Balance?

In the Cost Centre Budget screen, select a Cost Centre from the List of Cost Centres and enter Cost Centre. Enter a budget figure in Expenses for the cost centre. Enter a budget figure in Income for the cost centre. Enter Closing Balance. Accept to save.

 

Creating Budgets for Cost Centres
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