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The purpose of a budget is to control expenditure. You can create multiple budgets in Tally, each for a specific purpose such as for the Bank, for the Head Office, Marketing budgets, Finance budgets, and so on.
| • | Set Yes in the Cost Centres field in the Budget Creation/Alteration screen to set budgets for cost centres. |
| • | In the Cost Centre Budget screen, select a Cost Centre from the List of Cost Centres and enter Cost Centre. |
| • | Enter a budget figure in Expenses for the cost centre. |
| • | Enter a budget figure in Income for the cost centre. |
| • | Enter more cost centres, if required, and accept to save. |
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