Add-on for Generating Financial Statements for Corporates and Non-Corporates
Powered by TallyPrime’s simplicity and smart Excel-based template.
Generate financial statements for corporates and non-corporates with TallyPrime
Prepare financial statements for Corporate Entities under Schedule III Division I and Non-Corporate Entities using TallyPrime’s Excel-based add-on. The add-on helps businesses, CAs, and tax practitioners generate financial statements in the prescribed formats, aligned with Schedule III of the Companies Act and the latest ICAI guidelines. With smart data export from TallyPrime to Excel, the required formats are auto-populated and most Trial Balance ledgers are pre-mapped to the appropriate accounting classifications.
Simply complete the remaining mapping and disclosures, and your compliance-ready financial statements are ready—reducing manual data entry, reconciliation effort, and preparation time.
How to use the Financial Statement Add-on in TallyPrime?
1
Enable the Add-on
2
Export data from TallyPrime to the Excel template
3
Complete mapping and generate statements
01. How to Enable the Financial Statements Add-on?
Enter your TallyPrime serial number
The bundled financial statements add-on will be enabled for your serial number.
Enable Add-on
Enter the OTP received on your registered e-mail ID
The Add-on is enabled for your TallyPrime license. The Excel template is downloaded and saved in the TallyPrime installation folder
02. How to export data to the Excel template?
Press Alt+E (Export) from Balance Sheet, Profit & Loss A/c, or Trial Balance
Under Reports > select Financial Statements
Select Financial Statement for NCE or Schedule III for Division I, as required
Press C (Configure) to set options such as data type, period, folder path, and file name, for creating the file containing TallyPrime data
Once you export the data, TallyPrime accesses the Excel template, populates it with the data, creates a copy of the template with the exported content, and saves it to the configured path
You can Press Ctrl+A to accept the settings and Press E (Export) to export the data
03. How to generate financial statements?
Getting Started
Open the Excel template
Review the details in the Basic Information sheet
Enter or verify company details, rounding-off method, and signatory and capital details, if required
Mapping of Data
Review the closing balances populated for the current and previous financial years
Check the pre-mapped ledgers and update them, if required
Add the required details in the Input sheet, bifurcate the balances, and provide necessary disclosures to generate the notes
Identify and complete the fields highlighted in yellow, such as unmapped ledgers or missing details
Validate and Print Financial Statements
Complete the remaining mappings and disclosures
Review the financial statements for accuracy
Print or export the financial statements in the required format
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