© Tally Solutions Pvt. Ltd. All Rights Reserved The New Statutory Audit Feature in Tally.ERP 9 -...

© Tally Solutions Pvt. Ltd. All Rights Reserved

The New Statutory Audit Feature in Tally.ERP 9 - Auditors’ Edition

© Tally Solutions Pvt. Ltd. All Rights Reserved 2

Statutory Audit – Scope Covered Data Analysis Auditing Financial Statements As Per Schedule VI


Data Analysis – Tools available Verification of Chart of Accounts Verification of Balances Verification of Stock items Analytical Procedures Pending Documents Statutory Payments

Mark the Status as Verification Complete after Analysing the data


Verification of Chart of Accounts

All the Ledgers are Listed Under the Different Exception Types

Exception Types with Ledger Details


Verification of Stock Items

Verification of Stock Items Report Similar to Chart of Accounts


Verification of Balances

Groups with Opening Balance differences are shown in red color

Displays the Transaction details, Groups withBalance against the default Group behavior shown in red


Analytical Procedures


Verification of Pending Documents


Verification of Statutory Payments


Verification of Vouchers Related Party Transactions Forex Transactions Outstanding of MSMEs Salary/Wages Payments (including ‘Head Count’)

Auditing/Vouching

The Auditing procedure is similar to the Tax Audit and the Vouchers with respective Audit Status will be displayed in the respective columns


Audit only sampled transaction or all transactions

Auditing – Verification of Vouchers

Option to Audit only Sampled or all transactions has been provided


Auditing – Related Party Transactions

Auditor can identify the RelatedParties with the help of Client

Once the Related Parties are identified, all the Related Party transactions will be available for Scrutiny


Auditing – Forex Transactions

All the transactions involving Forex will be listed for scrutiny. The auditorcan drill down to check the Rate of Exchange used by the Client for each


Auditing – Outstanding Bills from MSME

The MSME’s can be identified by Auditor with the help of the Client and all the Outstanding Bills from MSME’s will be available for Scrutiny


Auditing – Salary & Wages Payments

Salary/Wages report provides the details of the actual Head Count detailsAlong with the Salary details for each month and each Employee


Financial Reports – Provided

Balance Sheet as per Schedule VI Profit & Loss A/c as per Schedule VI


Schedule VI Balance Sheet – Features Can be generated with just a single click Tally Default Groups (Business Groups) are mapped to

Schedule VI groupings by default too. Can be further regrouped as required (User defined) Flexible Schedule numbering Generation of Schedules Export to Excel for further formatting if required.


Schedule VI Balance Sheet

The Group/Subgroup/Ledger Balances can be MovedFrom one Schedule VI titles to another as required orwithin default Tally Groups.

Movement is possible using Ctrl+X Move button or Ctrl+Enter Configuration screen

Select the Group which needs to be moved

Click on this button or press Ctrl+X to CUT/Move

Move the cursor to the required line

Click this button or press Ctrl+V to PASTE

The selected Group is moved along with the Balance without affecting the actual data

To undo last change click on the button or press Ctrl+U

To undo all changes click on button or press F10


Schedule VI Balance Sheet

Final Schedule VI Balance SheetWith Schedules nos.


Schedule VI Profit & Loss A/c – Features Sales & Income Groups are mapped to INCOME by default Expenses & Purchase Groups are mapped to

EXPENDITURE Option to rename INCOME & EXPENDITURE is provided to

support all industries Flexibility to regroup within INCOME & EXPENDITURE Flexible Schedule numbering Generation of Schedules Export to Excel for further formatting if required.


Schedule VI Profit & Loss A/c

© Tally Solutions Pvt. Ltd. All Rights Reserved The New Statutory Audit Feature in Tally.ERP 9 -...

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