Tally
Scenario Management
Definition
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4 Related Terms
What is Scenario Management?
Scenario Management in Tally enables businesses to maintain and compare multiple versions or scenarios of the same data for what-if analysis and planning. Users can create scenarios like 'actual', 'budget', or 'forecast' and record transactions separately in each. This powerful feature helps in budgeting, strategic planning, and evaluating alternative business decisions without affecting actual data. Comparative reports show variances between scenarios for informed decision-making.
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