The statement above is true. A tally is a software that provides business management solutions. It is used for numerous accounting activities. With Tally, budgets can be created for an individual ledger account, groups of ledger accounts and Cost Centers or for all of them.
Tally gives the facility to fine tune our control of Budgets over ledger accounts. For example, budgets can be for traveling, advertisement, and operations. Tally gives the facility to fine-tune control of budgets over ledger accounts.