Schedule III – Balance Sheet Builder Tool

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Simplify Financial Reporting with the Schedule III Balance Sheet Builder

Balance Sheet builder helps in preparing balance sheets and financial statements for Indian companies according to the Non-Ind-AS format. It is an Excel tool that automates every step of the process. From importing data to exporting PDFs, this tool streamlines tasks, saves time, and ensures accuracy.

Stay Current with Schedule III Changes

In the world of financial reporting, staying updated is vital. The Schedule III Balance Sheet Builder keeps you in updated with the latest changes in reporting financial statements as per the Companies Act 2013. It integrates the Revised Schedule III, Division I guidelines. This means your financial statements stay compliant and reflect recent updates.

Effortless Tally Import

No more manual data entry or lengthy calculations. The Schedule III Balance Sheet Builder makes creating accurate balance sheets a breeze. It effortlessly imports ledger balances from Tally, a popular accounting software. With one click, ledgers are grouped automatically based on Tally Groupings, reducing errors and saving time.

User-Friendly Interface

The Product Toolbar offers a clean and intuitive interface, putting all features at your fingertips. Changing the financial year, importing/exporting data, and more are conveniently located in one place. This simple design makes navigation easy and boosts efficiency.

Insightful Dashboard

The Dashboard offers a quick overview of the company’s financials. It displays if your balance sheet and cash flow match, the note count, current financial year, revenue, and profit. This snapshot helps you make informed decisions and track your company’s financial health.

Accurate Rounding

Precise rounding is essential for trustworthy financial reporting. The Schedule III Balance Sheet Builder suggests rounding options that align with reporting standards. This ensures your rounded totals are accurate, down to each decimal point.

Organized Ledger Groupings

Properly categorizing ledgers is a crucial step. The tool simplifies this by letting you specify ledger types (assets, liabilities, income, expenses) and assigning groups based on Schedule III. While importing ledgers from Tally it fills in the primary groups, and alerts about any Balance Sheet discrepancies.

Effortless Finalization Entries

Closing the financial year becomes hassle-free with the Finalization Entries feature. Make necessary adjustments, like regrouping balances or handling tax and depreciation. This simplifies the year-end process, ensuring accurate financial reporting.

Clear Accounting Policies

Transparent accounting policies are a must. The Schedule III Balance Sheet Builder provides ready-made templates for Significant Accounting Policies. It auto-populates relevant policies, saving you time and ensuring proper disclosures.

Automated Financial Statements

Generating balance sheets, profit/loss, and cash flow statements is time-consuming. This tool automates this process by creating statements directly from ledger groupings. Note numbering is applied, ensuring compliant and structured financial statements.

Simplified Financial Year Changes

Changing the financial year is a one-click affair. The tool also shifts data to previous year columns automatically. This maintains organized historical data for easy access.

Easy PDF Export

Exporting financial statements is a breeze with the Schedule III Balance Sheet Builder. PDFs are exported with automatic page numbering and layout settings, ensuring professional-looking documents.

In a nutshell, the Schedule III Balance Sheet Builder simplifies financial reporting for Indian companies. Its user-friendly interface, data import/export, accurate rounding, organized ledger groups, and accounting policies ensure smooth financial reporting. Staying current with Schedule III changes and Companies Act compliance, this tool guarantees accurate and updated financial statements. Experience the convenience and efficiency of the Schedule III Balance Sheet Builder as it transforms your financial reporting process.

Download Balance Sheet Tool for Schedule III of Companies Act 2013