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

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

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

3. 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

4. Verification of Chart of Accounts Exception Types with Ledger Details All the Ledgers are Listed Under the Different Exception Types

5. Verification of Stock Items Verification of Stock Items Report Similar to Chart of Accounts

6. 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

7. Analytical Procedures

8. Verification of Pending Documents

9. Verification of Statutory Payments

10. Auditing/Vouching • Verification of Vouchers • Related Party Transactions • Forex Transactions • Outstanding of MSMEs • Salary/Wages Payments (including ‘Head Count’) The Auditing procedure is similar to the Tax Audit and the Vouchers with respective Audit Status will be displayed in the respective columns

11. Auditing – Verification of Vouchers • Audit only sampled transaction or all transactions Option to Audit only Sampled or all transactions has been provided

12. 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

13. 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

14. 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

15. 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

16. Financial Reports – Provided • Balance Sheet as per Schedule VI • Profit & Loss A/c as per Schedule VI

17. 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.

18. 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. Movement is possible using Ctrl+X Move button or Ctrl+Enter Configuration screen To undo all changes click on button or press F10 Select the Group which needs to be moved Move the cursor to the required line To undo last change click on the button or press Ctrl+U Click on this button or press Ctrl+X to CUT/Move Click this button or press Ctrl+V to PASTE

19. Schedule VI Balance Sheet Final Schedule VI Balance Sheet With Schedules nos.

20. 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.

21. Schedule VI Profit & Loss A/c

22. THANK YOU