Transcript Corp PPT - Tally Solutions

The New Statutory Audit Feature in
Tally.ERP 9 - Auditors’ Edition
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Statutory Audit – Scope Covered
 Data Analysis
 Auditing
 Financial Statements As Per Schedule VI
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Data Analysis – Tools available
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Verification of Chart of Accounts
Verification of Balances
Verification of Stock items
Analytical Procedures
Mark the Status as Verification
Pending Documents
Complete after Analysing the data
Statutory Payments
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Verification of Chart of Accounts
Exception Types with Ledger Details
All the Ledgers are Listed Under the
Different Exception Types
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Verification of Stock Items
Verification of Stock Items Report
Similar to Chart of Accounts
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Verification of Balances
Groups with Opening Balance
differences are shown in red color
Displays the Transaction details, Groups with
Balance against the default Group behavior
shown in red
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Analytical Procedures
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Verification of Pending Documents
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Verification of Statutory Payments
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Auditing/Vouching
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Verification of Vouchers
Related Party Transactions
Forex Transactions
The Auditing procedure is similar to the Tax Audit
andMSMEs
the Vouchers with respective Audit Status will
Outstanding of
be displayed in the respective columns
Salary/Wages Payments (including ‘Head Count’)
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Auditing – Verification of Vouchers
 Audit only sampled transaction or all transactions
Option to Audit only Sampled or
all transactions has been provided
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Auditing – Related Party Transactions
Once the Related Parties are identified, all the
Related Party transactions will be available for Scrutiny
Auditor can identify the Related
Parties with the help of Client
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Auditing – Forex Transactions
All the transactions involving Forex will be listed for scrutiny. The auditor
can drill down to check the Rate of Exchange used by the Client for each
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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
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Auditing – Salary & Wages Payments
Salary/Wages report provides the details of the actual Head Count details
Along with the Salary details for each month and each Employee
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Financial Reports – Provided
 Balance Sheet as per Schedule VI
 Profit & Loss A/c as per Schedule VI
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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.
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Schedule VI Balance Sheet
The selected Group is moved along with the
Balance without affecting the actual data
The Group/Subgroup/Ledger Balances can be Moved
From one Schedule VI titles to another as required or
within default Tally Groups. To undo all changes click on
buttonwhich
or press
F10to be
Select the Group
needs
Movement is possible
using Ctrl+X Move button or
moved
Ctrl+Enter Configuration screenMove the cursor to the
required line
To undo last change click on
Click on this button or
buttonCtrl+U
or press
the Click
buttonthis
or press
press Ctrl+X to CUT/Move
Ctrl+V to PASTE
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Schedule VI Balance Sheet
Final Schedule VI Balance Sheet
With Schedules nos.
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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.
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Schedule VI Profit & Loss A/c
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THANK YOU
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