Statutory Audit | Tally Synchronization | Tally sales | Tally.NET Services

7/31/2019 Statutory Audit | Tally Synchronization | Tally sales | Tally.NET Services

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Tally Solutions Pvt. Ltd. All Rights Reserved 2

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 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


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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 alltransactions

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 auditorcan drill down to check the Rate of Exchange used by the Client for each



Auditing Outstanding Bills from MSME

The MSMEs can be identified by Auditor with the help of the Client

and all the Outstanding Bills from MSMEs 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


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Schedule VI Balance Sheet

The Group/Subgroup/Ledger Balances can be Moved

From one Schedule VI titles to another as required orwithin default Tally Groups.

Movement is possible using Ctrl+X Movebutton 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 bydefault

Expenses & Purchase Groups are mapped toEXPENDITURE

Option to rename INCOME & EXPENDITURE is provided tosupport 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


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