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Financial Statements - Schedule VI

tally Statutory Compliance module is implementation based and schedule 6 balance sheet is most important part in tally tax module.

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Financial Statements - Schedule VI

Comprehensive Financial Statements as per Schedule VI

Using Auditors' Edition of Tally.ERP 9 the following Financial Statements can be prepared as per the Schedule VI requirements as specified in Companies Act:

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

All the default Tally Groups are mapped to the Schedule VI titles to generate the above Financial Statements. The tool provides the flexibility to the auditors to re-classify these Groups as per the requirement without affecting the Client's data.

Some of the salient features of Schedule VI Balance Sheet are:

  • Can be generated with a single click
  • Tally Default Groups (Business Groups) are mapped to Schedule VI groupings by default
  • Can be further regrouped as required (User defined)
  • Flexible Schedule numbering
  • Generation of Schedules
  • Export to Excel for further formatting if required

Some of the salient features of Schedule VI Profit & Loss A/c are:

  • 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

Need help with Schedule 6 Balance Sheet in Tally ERP-9 & Tax Implementation in Tally?

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Glowips Team
Tally Solution Unit