To create a Budget in Tally
Go to Gateway of Tally > Accounts Info > Budgets > Create
In the Budget Creation screen enter a Name for your budget. 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.
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.
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.
- Accept to save.