Budget creation in Tally.ERP 9

To create a Budget in Tally.ERP 9
Go to Gateway of Tally > Accounts Info > Budgets > Create
1. In the Budget Creation screen enter a Name for your budget.
2. Select from the List of Budgets for Under field. You can have a hierarchical setup for budgets. In the List of Budgets, Primary is at the top of the hierarchy and you can create more primary budgets. Sub-budgets can be created under Primary budgets.
3. Enter the period of the budget in the From and To fields. The period entered can be a month, a year or any other period.
4. In Set/Alter Budgets of, select
• Groups - To create a budget for a Group of ledger accounts.
• Ledgers - To create a budget for Ledgers.
• Cost Centres - To create a budget for Cost Centres.
5. Accept to save.
You can modify a budget, using the alter option.
Go to Gateway of Tally > Accounts Info > Budgets > Alter
1. In the Budget Alteration screen, modify the fields as required. Change the period or change budgets of Groups, Ledgers and Cost Centres.

Note: By default, Set/Alter Budgets is set to No. Set this option to Yes to alter