How to Create Budget in Tally Prime?
Step: GOT > Create > Click on ‘Show More’ > Budget > Enter
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After reaching the above step Screen will shown like this following screenshot:
Ø Fill all Details Like,
· Name – Type Name of Budget
· Under – Select ‘Primary’
· Period of Budget
§ From – Type Starting date of Budget
§ To – Type End date of Budget
· Set/Alter Budgets of
§ Groups – Set to ‘Yes’
Ø After set to ‘Yes’ screen will show like this screenshot:
§ Fill all Details like,
§ Group Name – Select under required Group for Creation of Budget
§ Type of Budget – After Selection of group Select Type of Budget
1. On Closing Balance – This type of Budget used when we show record of all expenses in budget in the form of closing balance.
2. On Nett transactions – This type of budget used when we show record of all expenses in budget in the form of month wise breakup.
Ø Select anyone ‘Type of Budget’ from them
§ Amount – Type the Budget estimated Amount here & Press ‘Ctrl+A’
· Ledgers – Set to ‘Yes’
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After set to ‘Yes’ screen will show like this screenshot:
§ Fill all Details like,
§ Account Name – Select under required Ledgers for Creation of Budget
§ Type of Budget – After Selection of Ledgers Select Type of Budget
3. On Closing Balance – This type of Budget used when we show record of all expenses in budget in the form of closing balance.
4. On Nett transactions – This type of budget used when we show record of all expenses in budget in the form of month wise breakup.
Ø Select anyone ‘Type of Budget’ from them
§ Amount – Type the estimated Amount here of Budget of selected ledger
Ø After Selection of all ledgers under budget Press ‘Ctrl+A’
Ø Example1: Fill Details like that
· Name – Company Budget
· Under – Primary
· From – 01/04/2020
· To – 31/03/2021
· Groups – Yes
· Group Name – Indirect Expense
· Type of Budget – On Closing Balance
· Amount – 700000
Ø Like that Following Screenshot
· Ledgers –Yes
Ø Note: First of all Create All Expense Ledgers Under putting Indirect Expense then select one by one in Budget screen of Account
Ø Create Ledger
Name
Under
RENT
Indirect Expense
ELECTRICITY
Indirect Expense
TELEPHONE
Indirect Expense
INTERNET
Indirect Expense
WATER
Indirect Expense
Ø After Creation of Ledgers Select One by One in following This way
Account Name
Type of Budget
Amount
RENT
On Closing Balance
200000
ELECTRICITY
On Closing Balance
100000
TELEPHONE
On Closing Balance
100000
INTERNET
On Closing Balance
100000
WATER
On Closing Balance
200000
Ø After selecting all Ledgers in Account screen, Screen will shown like this following screenshot:
Ø Press ‘Ctrl+A’ for Save screen
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After filling all details, Final Budget Creation Screen will show Like this Following Screenshot:
Ø Press ‘Ctrl+A’ for Save screen
