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What is Budget Management in Tally?

Budget management in tally is an effective tool for organisations to better manage their expenses and costs. It is traditionally the domain of financial managers and controllers, but certainly as important for procurement management.

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