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Tally- Budgeting and Scenario Management

Tally- Budgeting and Scenario Management
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CourseMarks Score®







Platform: Udemy
Video: 1h 59m
Language: English
Next start: On Demand

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Detailed Analysis

CourseMarks Score®

9.0 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness Score

9.9 / 10
This course was last updated on 3/2022.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

Student Feedback

We analyzed factors such as the rating (0.0/5) and the ratio between the number of reviews and the number of students, which is a great signal of student commitment.

New courses are hard to evaluate because there are no or just a few student ratings, but Student Feedback Score helps you find great courses even with fewer reviews.

Content Score

7.7 / 10
Video Score: 7.8 / 10
The course includes 1h 59m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.
Detail Score: 9.9 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Extra Content Score: 5.5 / 10

Tests, exercises, articles and other resources help students to better understand and deepen their understanding of the topic.

This course contains:

0 article.
0 resource.
0 exercise.
0 test.

Table of contents


A budget helps to refine goals and use funds efficiently. It provides accurate information for evaluation of financial activities, aids in decision making and provides a reference for future planning. Multiple budgets can be created for specific purposes in TallyPrime. You can create budgets in TallyPrime for groups, ledger accounts, and cost centres. Budgets for Banks, Head offices, Departmental budgets like Marketing Budgets, Finance Budgets, and so on, can also be created. The budgeted figures can be compared with Actual figures and variance report can be generated. You can also modify or delete a budget in TallyPime.
1.1 Introduction to budget
In this section, you will learn about the meaning of Budget, It’s Importance for business concern,
Types of Budget on the basis of its creation and about variance analysis.

1.1.1 Meaning of Budget
1.1.2 Importance of Budget
1.1.3 Types of Budget
1.1.4 Benefits of Budget Management for Businesses
1.1.5 Variance Analysis

1.2 Creation of Budget for Groups
You will learn how to Create Budget in Tally and about the different set of budget. In this session we have covered creation of budget for group of accounts, recording transaction and then reporting of budget with variance analysis.
1.2.1 Create Budgets for Groups
1.2.2 Recording of Transactions
1.2.3 View Budget Variance under reporting

1.3 Creation of Budgets for Ledgers and Cost Centre
In this chapter, you will learn about Creation of Budget for Ledgers and Cost Centre, creation of cost centre, recording of transactions and related reporting for variance analysis.

1.3.1 Creation of budget for Ledgers
1.3.2 Create Budgets for Cost Centres
1.3.3 Alter a Budget
1.3.4 View Budget Variance
1.3.5 Delete a Budget

1.4 Introduction to Scenario Management

In this session you will learn about Meaning of Scenario, Creation of Scenario, Use of Optional voucher in scenario and Scenario report.

1.4.1 Scenarios in TallyPrime
1.4.2 Create a Scenario
1.4.3 Alter a Scenario
1.4.4 Use Optional Vouchers in Scenarios
1.4.5 Use Scenarios in Reports

1.5 Creation of Scenarios for Reversing Journal and Reporting

In this session you will learn about Meaning of Reversing journal voucher and its uses, Creation of Scenario for reversing journal, Use of Reversing journal voucher in scenario and Scenario report.

1.5.1 Reversing Journals
1.5.2 Reversing Journals in Day Book
1.5.3 Exception Reports for Reversing Journal
1.5.4 Creation of Scenarios for Reversing Journal
1.5.5 Create a Scenario
1.5.6 Use Reversing Journal Voucher in Scenarios
1.5.7 Use Scenarios in Reports

You will learn

✓ Introduction to budget and its importance
✓ Types of Budget
✓ Creation of Budget, recording transactions and Budget variance report in TallyPrime
✓ Creation of Scenario, recording transactions with Optional Voucher and Projected Scenario report in TallyPrime
✓ Recording transactions with Reversing Journal and Projected Scenario report in TallyPrime


• No specific requirements

This course is for

• accountants
• Tax practitioners/ consultants
• Working professionals

How much does the Tally- Budgeting and Scenario Management course cost? Is it worth it?

The course costs $14.99. And currently there is a 25% discount on the original price of the course, which was $19.99. So you save $5 if you enroll the course now.

Does the Tally- Budgeting and Scenario Management course have a money back guarantee or refund policy?

YES, Tally- Budgeting and Scenario Management has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

Currently we could not find a scholarship for the Tally- Budgeting and Scenario Management course, but there is a $5 discount from the original price ($19.99). So the current price is just $14.99.

Who is the instructor? Is Tally Education a SCAM or a TRUSTED instructor?

Tally Education has created 7 courses that got 9 reviews which are generally positive. Tally Education has taught 31 students and received a 4.1 average review out of 9 reviews. Depending on the information available, Tally Education is a TRUSTED instructor.
Subsidiary of Tally Solutions Pvt. Ltd.
Tally Education from the House of Tally and serves as the education initiative of Tally Solutions. It goes without saying that we are the creator of the country’s simplest and popular business software – Tally. Our years of domain expertise – ensures we bring the best-in-the-industry learning courses and certifications on Accounting with TallyPrime! The in- demand Tally Certifications and Tally Courses hone your skills and increase your chances of higher pay, better job prospects and new career opportunities.


CourseMarks Score®







Platform: Udemy
Video: 1h 59m
Language: English
Next start: On Demand

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