Budget & Control in Tally Prime

A budget is a plan to prepared for the flow of funds / money in an organization. It contains financial guidelines for the future plan of action for a selected period of time.

Multiple budgets can be created for specific purposes in Tally Prime, Such as Marketing Budgets, Finance Budgets, and so on, can also be created.

Step 1 Create Expense Ledger

 

Step 2 Create Budget
Gateway Of Tally >> Create >> Budget
If You Didn’t Find “Budget” Option Then Click On Show More Option And Search

 

Budget Creation

Budget Name – Office Budget

Under – Primary

Period of Budget – 1-Apr-22 to 31Mar-23

Ledger – Yes

 

Budget Amount Setup 

 

Step 4 : Payment Voucher as Your Expense, Now Pass You Entry Which Amount Paid By Your Company over the time.
Here Passed Two Entry For Expense Which Amount Paid By Cash To Advertisement Agency And Other Stationary Shop

 

Profit & Loss A/c
GOT >> Profit & Loss A/c  >> Indirect Expenses

 

Click Budget Variance

 

Budget