Budgets for Cost Centres

The purpose of a budget is to control expenditure. You can create multiple budgets in Tally, each for a specific purpose such as for the Bank, for the Head Office, Marketing budgets, Finance budgets, and so on.

• Set Yes in the Cost Centres field in the Budget Creation/Alteration screen to set budgets for cost centres.

• In the Cost Centre Budget screen, select a Cost Centre from the List of Cost Centres and enter Cost Centre.

• Enter a budget figure in Expenses for the cost centre.

• Enter a budget figure in Income for the cost centre.

• Enter Closing Balance.

• Enter more cost centres, if required, and accept to save.