BUDGET AND CONTROL

budget Refernce

The annual estimate of accounts is called Budget. It can be annual, six monthly, and tri monthly or monthly.

ESTIMATED VALUE

To activate budget and control, follow these steps:-

Path for activate budget and control:- G. O. T. (gateway of tally) --> press F11 (company features)--> press F1 (accounting features).

Now we create ledger in the company.

Path for ledger creation:- G. O. T. (gateway of tally) --> account info--> ledger--> create (multiple).

After ledger creation, we create budget as follow:-

Path for budget creation:- G. O. T. (gateway of tally) --> account info--> budget--> create.

Select “Budget” option from accounts info as follow:-

After that, select “create” option as follow:

After this, budget creation form will be open as follow:

Fill this budget creation form as follow:

Now we shall do voucher entry:

Path for voucher creation:- G. O. T. (gateway of tally) --> accounting voucher--> press F5 (payment voucher).

To view report of budget and control, follow these steps:-

G. O. T. (gateway of tally)--> display--> trial balance

Press Alt + F2 to change period

Press Alt + B to view the report of budget and control

Now enter on this option and the report can be seen as follow:

Press "Alt + F1" for more details.