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

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.

For more details please click here

5 comments on “Comprehensive Financial Statements as per Schedule VI

  • RAJESH CHAUHAN says:

    Dear sir/madam,

    i m using tally.erp 9 release A 1.6 now. i want to use MIS Report in the tally so pls suggest me that can i use these reports in same release. For remot Edit and NEW DATA SYNCHRONISATION same edition upgraded or extra cost?

    With regards
    Rajesh Chauhan

  • Remote Edit is not possible in Seris A. It may possible in series B.
    Data Synchronisation is possible through Tally.Net.
    To renew your Tally.Net subscription you have to pay and release and updated stat file you will get free with that subsription.

  • Dear Sudip Ukil

    Schedule-VI Balance Sheet provides the representation of company’s financial position at any point in time in the Schedule VI format of Company’s Act. As per Schedule VI format the Balance Sheet displays the balances between the Sources of Funds and Application of Funds.

    * Sources of Funds: comprises of Liability and Equity
    * Application of Funds: comprises of Current and non Current Assets

    In Auditors’ Edition of Tally.ERP 9, all the default Tally Groups are mapped to the Schedule VI Groups to display the Schedule-VI Balance Sheet on click of a button.

    For more details follow the link
    http://www.tallysolutions.com/website/CHM/TallyERP9/Statutory_Audit/balance_sheet.htm

    Best wishes
    Admin

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