StatutoryAudit.ppt

© 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 with
Balance 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 Related
Parties 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 auditor
can 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 details
Along 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 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
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 Sheet
With 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

StatutoryAudit.ppt

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