Budget & Control in Tally Prime
Budget
& Control
The main purpose of
budgeting is to control expenditure. This is possible by making a budget and
comparing the budgeted figures against the actual figures. You can generate
reports based on the variance or difference between actual and budgeted
figures.
Gateway of Tally
Create
👇
Budget
Budget
Creation
Name - New Budget 2024
Under
- Primary
Period
of Budget Set
/ Alter Budgets Of
From
To Groups Ledger
1 Apr
2024
31 March 2025 Yes Yes
Group
Budget under ‘Budget’
(From
1 Apr 2024 to 31 March 2025)
|
Account Name Type of Budget Amount |
|
Indirect Expenses On Closing Balance 200000 |
|
Direct Expenses On Closing Balance 100000 |
Ledger Budget under New Budget 2024
(From 1-4-2024 to 31-3-2025)
|
Account name |
Type of budget |
Amount |
|
Salary (indirect exp) |
On closing balance |
100000 |
|
Rent (indirect exp) |
On closing balance |
50000 |
|
Official exp(indirect exp) |
On closing balance |
50000 |
|
Carriage exp(direct exp) |
On closing balance |
25000 |
|
Labor exp(direct exp) |
On closing balance |
50000 |
|
Freight exp(direct exp) |
On closing balance |
25000 |
Voucher
F5 - Payment voucher
Cash 25000
Rent
F5 -Payment voucher
Cash 60000
Salary
F5 Payment voucher
Cash 20000
Official exp
F5 Payment voucher
Cash 36000
Salary
F5 Payment voucher
Cash 36000
Official exp
F5 Payment voucher
Cash 20000
Carriage exp
F5 Payment voucher
Cash 40000
Freight exp
F5 Payment voucher
Cash 40000
Labor exp
Display the Budget Report
Gateway of Tally
👇
Display
👇
Trial
Balance
👇
Press F10 (Budget Variance)
👇
Variance Analysis
👇
Budget - New Budget 2024
Or
Gateway of Tally
👇
Balance Sheet (Press B)
👇
Select Show Profit & Loss A/C
👇
Press Alt+C
Column Details
Name of Company- XYZ Company
From (Blank For Beginning) - 1/4/2024
To (Blank For End) - 31/3/2025
Method of Stock Valuation - Default
Type of Value to Show – New Budget 2024
Show
Variance - Yes
Reviewed by ADcomputercampus
on
May 03, 2023
Rating:
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