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Saturday, April 24, 2010

HOW TO MAKE BUDGETS IN TALLY 9 AND HOW TO MAKE BUDGET IN TALLY PART 1.,ANSWERS

Tally 9 gives you the facility of making of budget . With the help of tally , you can make different department budget and see the variance . First of you must know the meaning of budget . Budget is just numerical estimation of all expenses and incomes . Different departments make budget for checking their performance in one year . If you want to make budget you must first go to feature 11 and write yes on budgeting as shown in picture





After this you should accept this feature , Now at gate way when you click account info you will see budget , here you can create the ledger of budget . For this you should click budget button




In budget you will see create


and alter because you have to create first time so you must click on create , you can create financial budget with different account it may for sale account , purchase account , expenses account and profit account . I create sale accounts one year budget





HOW TO MAKE BUDGET IN TALLY
Earlier I have explained in TALLY BUDGET PART 1 that we must create budget ledger proper way . This is also a addition facility . But when we have created the ledger of budget we do voucher entry of all items . In the end of the year or as specified your period you have to check you variance of actual amount of sale or as specified item by you with budgeted item and now I am teaching you how to complete this process .

Read 1ST TUTE seriously and after making actual voucher entry , you will click and then click trial balance


and here you will see right side budget and now you can see Budgeted sale and actual sale and calculate the variance . If actual sale is more than budgeted it means this is in favour of our budget . If actual sale is less than budgeted sale it means it is unfavourable.




One important point must be note that you must select whole period for getting true comparison

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