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.

  Creating Budget for Groups

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.

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.

 

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