TallyPrime Auditors Edition - Everything You Need!
With Tally's auditor version for CA, you can sync with TallyPrime installed at your clients' offices and improve your practice and streamline your clients' businesses. Increase your audit effectiveness with its advanced features like remote access, and boost opportunity by adding new services like Continuous Compliance to your portfolio.
Now perform a comprehensive Statutory Audit with absolute ease. In addition to Tax audit and Statutory Compliance, the Auditors' Edition of TallyPrime is a powerful tool to perform Statutory Audit. It enables Auditors to analyse the Books of Accounts, discover exceptions and highlight deviations.
Key Features
Audit Program
Auditors can now plan pre-audit work in TallyPrime itself. The system creates a default checklist that will help the entire audit team conduct successful audits. If an Audit Programme is similar for more than one company, the contents can be copied from one Company to another at the click of a button.
The Audit Programme facilitates the capturing of time taken for Audit, name of the audit staff for each audit area, the scope of the Audit conducted and post-audit comments for each Audit area.
Audit Working Papers
Auditors can copy verification or working notes provided for particular vouchers/ledgers to AWP. TallyPrime also provides the flexibility of editing notes from within AWP or from the individual voucher/ledger. AWP will have a complete list of notes (displayed category-wise) entered by Auditors along with responses from their clients arranged chronologically.
Analytical Procedures
TallyPrime Auditors' Edition offers various sampling methods including All Vouchers, Amount Range, Even/Odd Numbered vouchers, Specific Period, Specific Vouchers, and Benford Analysis. An option to perform Manual Sampling by ear-marking specific transactions is also available.
Schedule VI Financial Statements
TallyPrime Auditors' Edition provides Auditors with an option to generate Balance Sheet and Profit & Loss Financial Statements in Schedule VI formats at the click-of-a-button. The product automatically gathers the data required to populate the Balance Sheet and displays the balance details between the Sources of Funds and Application of Funds.
Tax Audit
After conducting a Tax Audit in TallyPrime Auditors' Edition, print Form 3CD with Annexure from within the product. Available in the prescribed format, the report comes with a user-friendly option to copy the contents of the report from one financial year/company to another. Form 3CA and Form 3CB are also provided.
Verification of Opening Balances
The Verification of Balance feature compares the Closing Trial Balance as on 31st March of the Previous Year with the Opening Trial Balance as on 1st April of the Current Financial Year, making it easy to spot and resolve discrepancies.
Audit Journals
The Audit Journals enable an Auditor to pass transactions for Finalisation, Appropriation, Provisional, etc. for below-the-line items including Appropriation of Profit & Loss, Taxes, Reserves, Deferred Tax Liability, and Prior Period items. Auditors can export audit journal entries in XML format which can be later imported by clients to their TallyPrime.
To know more about TallyPrime Auditors Edition pricing, send us an enquiry today!