In Tally budgets can be set for various income
and expenses accounts and variance reports can be generated in the following
manner.
1. Enter “Yes”
at maintain budgets and control columns in the company features of tally.
2. Select
budgets from Account Info
3. Select create
and enter the name of the budget Eg. Traveling expenses or advertisement expenses.
4. Enter the
period, which may be monthly budgets or quarterly or yearly budgets.
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