Is it possible to create a company budget based on the previous year’s business performance in Zoho ERP?

Yes, you can create a budget based on your previous year’s performance. Here’s how,

Log in to your Zoho ERP organisation.
Click Accounting on the left sidebar.
Navigate to the Budgets dropdown in the Modules bar and click Company Budgets.
Click + New Budget in the top-right corner.
Enter the details such as Name, Fiscal year, and Budget period.
Select the Income and Expense Accounts.
If you want to include Assets, Liabilities, and Equity accounts in your budget, click the Include Assets, Liability, and Equity Accounts in Budget option.
Click Create Budget.
In the budget creation, click Pre-fill from Previous Years’ Actuals.
Select a previous year.
Click Pre-fill.

The budget amount would be automatically filled based on the selected year’s actual.