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6.     Creating Budgets for Cost Centers in Tally.ERP 9

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.

'Budgets' in Tally.ERP 9
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2.            In the Cost Centre Budget screen, select a Cost Centre from the List of Cost Centres and enter Cost Centre.

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

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

5.            Enter Closing Balance.

6.            Accept to save.

'Budgets' in Tally.ERP 9
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