Add-On to Generate Financial Statements for Non-Corporates as per ICAI Guidance launched by TallyPrime
ICAI has introduced new guidance for financial statements of non-corporate entities (NCE), covering the period beginning on or after April 1, 2024. To help businesses, CAs, and tax practitioners comply with new guidance effortlessly, TallyPrime introduces an Excel-based add-on solution—designed to simplify the process and save time.
Powered by XML export, this Excel-based add-on generates financials in the prescribed format—quickly and accurately. All the closing balances from TallyPrime are exported, auto-mapping up to 60-70% of the Trial Balance ledgers to the appropriate accounting classifications provided in the Guidance Note. Just complete the balance mapping and disclosures, and your financial statements are ready.