It is useful to fix a financial goal in our Business and to make efforts towards achieving it.
Company Name: Financial Enterprises Ltd.
Address: 3/5 Second, Nanganallur, Chennai 600 061.
Maintain Budgetary Control = Yes
HOW TO GENERATE A BUDGET?
1. Gateway of Tally
2. Accounts Info
5. Name of budget : Financial Budget
6. Period : 01.05.2017 to 31.05.2017
7. Group: Yes
Direct Expenses:Rs.15000 (on Nett transactions)
Indirect Expenses: (on Nett transactions) Rs.20,000
01.04.2017 Mathi started a business with a capital of Rs.3,00,000.
01.05.2017 Salaries paid Rs.5,000.
01.05.2017 Wages paid Rs.7,000.
01.05.2017 Telephone Charges Rs.4,000.
02.05.2017 Electricity Charges Rs.6,000.
02.05.2017 Carriage Inwards Rs.8,000.
HOW TO COMPARE THE BUDGET WITH ACTUALS?
1. Open Trial Balance
2. Select and Open Direct Expenses
3. Click New Column
4. Gove Period
5. Select Budget Name