© tally solutions pvt. ltd. all rights reserved the new statutory audit feature in tally.erp 9 -...
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© Tally Solutions Pvt. Ltd. All Rights Reserved
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 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
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Verification of Chart of Accounts
All the Ledgers are Listed Under the Different Exception Types
Exception Types with Ledger Details
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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 withBalance 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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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
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Audit only sampled transaction or all transactions
Auditing – Verification of Vouchers
Option to Audit only Sampled or all transactions has been provided
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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
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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
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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 detailsAlong 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 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
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Schedule VI Balance Sheet
Final Schedule VI Balance SheetWith 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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