erp 9 audit edition

Tally For Chartered Accountants

With Tally’s auditor version for CA, you can sync with Tally.ERP 9 (now known as 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.

Send us an enquiry to know more about Tally’s Auditor version price!

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Tally for Charterd Accountants – Everything You Need!

Now perform a comprehensive Statutory Audit with absolute ease.

In addition to Tax audit and Statutory Compliance, the Auditors’ Edition of Tally.ERP 9 is a powerful tool to perform Statutory Audit. It enables Auditors to analyse the Books of Accounts, discover exceptions and highlight deviations.

Auditors can use it to generate:

Closing Balances 1
Balance Sheets
profit loss account
Profit & Loss Account
erp 9 auditor 2

Data Analysis is performed using various analysis tools which assist the auditor in checking the data, comparing it with the previous year’s data and highlighting exceptions. The auditor will also be able to carry out further investigations and fix the data if he/she has been provided with the necessary rights.

Verification of Chart of Accounts: Using this feature, auditors can organise the Chart of Accounts in a presentable manner and highlight the exceptions by comparing it with the previous year’s Chart of Accounts.

Verification of Stock Items: This report will assist the auditor in checking the available Stock Items. After comparison with the previous year’s Stock Items list, attention will be drawn to exceptional items such as negative stocks, the difference in balances etc.

Verification of Balances: This will assist the auditor in checking the difference in Opening Balances and Transaction details by highlighting the exceptions.

Analytical Procedures: A powerful Data Analysis tool, this will help the auditor compare or cross- compare various Groups/Ledgers/Cost Category/Cost Centres to draw various trends. This report will also provide details among the selected factors to facilitate further investigation.

Pending Documents: This report will help the auditor decide the related areas of investigations and get the necessary pending Bills and Orders closed, based on the actual situation.

Statutory Payments: This report will assist the auditor in discovering if the necessary Statutory payments were made on time or not.

The Auditing section helps the auditor check and audit all the available transactions by applying the necessary sampling methods:

Verification of Vouchers: The auditor has an option to apply the recommended Sampling methods and do the Auditing for the Sampled Vouchers or audit all Vouchers.

Related-party Transactions: The auditor can identify the Ledger Master as Related Parties based on the information given by the client. This makes all the transactions belonging to the Related Parties available for scrutiny.

Forex Transactions: This report lists down all the transactions involving multi-currency and provides the option to conduct Audit.

Outstanding from MSME (Micro, Small and Medium Enterprises): Auditor can check and audit the Outstanding Payments for the parties identified as MSMEs.

Salary / Wages Payments: Auditor can check the Headcount details and Salary Payment details for all employees. An option to audit these transactions is provided.

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:

  • 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

Frequently Asked Questions

What are the Benefits of Tally.ERP 9 Auditors Edition?

Tally.ERP 9  Auditors Edition can help increase the audit efficiency of Chartered Accountants (CAs). It can help them to remotely access the client’s reports and data. It can help them to identify discrepancies in data, thereby effectively eliminating mistakes. This software can also help detect irregularities in transactions. Plus, it offers opening balance verification and security, so any differences can be resolved post-haste. Tally.ERP 9  Auditors Edition can help CAs with regular Statutory Compliance. Also, it allows easy access to audit dashboard and generation of annexure & reports for Tax Audit.

Can I do an audit of Tally data using Tally.ERP 9 Auditors Edition, even if my clients are on different versions of Tally?

Yes, you can! With the Tally Auditors Edition, you can easily audit client data from earlier versions of Tally even as old as Tally 4.5. But, depending on the Tally version your client is using, you may have to migrate or rewrite the Tally data. Here, it is important to note that once you have migrated the data from the older versions of Tally to Tally.ERP 9, you can’t reverse migrate it to an older version.

Check out the below table to know more about the different Tally versions and the action required.

Tally Version Action Required
Tally 4.5 Conversion and then Migration
Tally 5.4 Migration
Tally 6.3 Migration
Tally 7.2 Migration
Tally 8.1 Rewrite
Tally 9 Rewrite
Tally.ERP 9, Older Release Rewrite

In the Auditors Edition, is it possible to pass finalisation entries?

Yes, it is possible! By using the Audit Journal feature, you can add entries for tax provisions, appropriation, interest provision, prior period item, depreciation provision, among others.

Can I incorporate finalisation entries passed by me in client’s Tally data, which is available at their office?

Yes, you can! To exchange data from one Tally to another, all you need to do is export and import Audit Journal transaction in XML format.

Tally.ERP 9 Auditors Edition - What are the various Audit scenarios covered?

The various Audit scenarios covered by Tally.ERP 9  Auditors Edition includes;

  • The CA going to the client’s office for the audit.
  • The client sending the data to the CA’s office for the audit.
  • The CA accessing the clients’ data remotely.
  • The client’s data is already available with the CA on a laptop, which has an educational version of Tally.ERP 9. In this scenario, the CA has the option to only View the Auditors Edition features.

I am on the older version of Tally.ERP 9 – Auditors Edition, not using Release 3.2. My Tally.NET Subscription has expired, so how can I use Release 3.2?

Only a user with a valid Tally.NET Subscription for Tally.ERP 9 – Auditors Edition can use Release 3.2. If you want to continue using Release 3.2, then you need to renew your Tally.NET Subscription license which starts at ₹4,050/-

How can I know more about Tally.ERP 9 Auditors Edition before I make a decision?

To know more about Tally.ERP 9  Auditors Edition, you can connect with us. Or you can send us an enquiry if you want to know the price of Tally’s Auditor version.