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Did you know…?

You can set multiple periods in a Budget. The Budget variance report is generated automatically based on the last voucher entry report date according to the period set in the budget master.

Create a budget named Multi-Budget for the following ledgers as Quarterly, Half yearly, Yearly as follows.

To create budget,

Go to Gateway of Tally > Accounts Info > Budgets > Create

Similarly, enter the budget period as shown and Under Ledger’s Multi Budget, specify the amount as shown in the following table.

The Budget Report, if data entry is up to 30-Jun-2005, appears as shown.

When selecting the same budget, ‘Multi Budget’, for report as on 30-Sept-2006, the budget amount automatically changes and reflects the values as set for half yearly period as set in the budget master.

Similarly, the yearly period is reflected automatically. You can set multiple budgets depending on periodic variation in expenses, instead of setting up three different budget types to track the same expenses

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# posted by Ashwin Kandoi @ Monday, January 01, 2007