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TALLY ERP9

FINANCIAL BUDGET EXERCISE

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.


ACTIVATION:
F11.Features
Accounting Features
Maintain Budgetary Control = Yes
Accept.


HOW TO GENERATE A BUDGET?
1. Gateway of Tally
2. Accounts Info
3. Budget
4. Create
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

8. Ledger : Yes
Wages                 : Rs.5,000
Carriage Inwards : Rs.10,000
Salaries                    : Rs.10,000
Telephone Charges : Rs.5,000
Electricity Charges   : Rs.5,000

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
6. Compare