What is Budget Management in Tally?

Budget Maintain and Control in tally is an effective way to better manage their expenses and costs as per allocation. It is traditionally the domain of financial managers and controllers, but certainly as important for procurement management. Budget in Tally helps to define monthly or yearly budget for projects and get each revenue item wise analysis for profit and Loss. Builders, IT Service Providers and Consulting firms works on budget based costing to complete jobs.

Business organisations determine how much financial scope is available for expenditure based on budgets making it an indirect factor for quality. And thereby making an accurate estimate of costs to be allocated by budget holders organisations are able to control expenditures and not be faced with any surprises.

In tally you can allocate budget to ledger, groups and cost centres. Based on allocations, we can see Budget vs Actual vs Variance report in tally. budget control in tally will notify you exceeded expenses voucher through email.

Benefits of Budget and control in Tally ERP 9