Schedule-VI Balance Sheet

Schedule-VI Balance Sheet provides the representation of company's financial position at any point in time in the Schedule VI format of Companies Act. The Balance Sheet displays:

To generate the Schedule-VI Balance Sheet,

Go to Gateway of Tally > Audit & Compliance > Financial Statements > Balance Sheet

The user can regroup/reclassify these exceptions to the respective Schedule VI Groups using the Move (Ctrl+X) and To (Ctrl+V) options or using Schedule VI Rule Configuration.

Exceptions in Schedule-VI Balance Sheet

In the Schedule-VI Balance Sheet all the possible exceptions will be displayed in red for users’ attention.

Button options in the Schedule-VI Balance Sheet

F1: Detailed

Click on F1: Detailed or press Alt+F1 to view the Balance Sheet in detailed form.

The detailed view for Schedule-VI Balance Sheet displays the default Tally Groups with balances which are mapped under various Schedule VI Groups.

F2: Period

Click on F2: Period or press F2 to change the selected period for the Audit Year (Current Year). If two separate companies are loaded or if the transactions of multiple years are available in the same data, then the Period for the Previous Year is also changed accordingly.

F3: Hide Prev. Year

Press F3 or click on F3: Hide Prev. Year to display the Previous Year column while displaying report. This will be available for use only when multiple years are available in the same data.

Ctrl+O: Copy Classify

Click on Ctrl+O: Copy Classify or press Ctrl+O to copy the configurations of the Schedule-VI Balance sheet from another Company on Tally.ERP 9.

Ctrl+F3: Compare Cmp

Click on Ctrl+F3: Compare Cmp or press Ctrl+F3 to load the Company having previous years data.

Note: If the data for both the years is available in the same Company, loading of a second Company is not required.

 

For the Company with two years data, system will check for the Vouchers passed on any Day for the month March to determine the Audit Year.

F8: Note. No.

Click on F8: Note No. or press F8 for Note Number Configuration.

F9: Master Config

Click on F9: Master Config. Or press Alt+F9 to view the Schedule VI Master Configuration.

N: Show Negative Cash

Press Alt+N to view Cash Accounts having negative balances.

A: Additional Info.

Place the cursor on a Schedule VI Head and click on A: Additional Info. or press Alt+A to go to the respective Additional Details report.

Ctrl+C: Classify Helper

Click on Ctrl+C: Classify Helper or press Ctrl+C for Current and Non-Current Classification report.

F9: Inv Reports

Click on F9: Inv Reports or press F9 keys to navigate to the default Inventory Reports like Godown Summary, Movement Analysis, Stock Summary etc.

F10: Acc Reports

Click on F10: Acc Reports or press F10 keys to navigate to the default Accounting Reports like Balance Sheet, Cash Flow, Trial Balance etc.

F10: Audit Reports

Click on F10: Audit Reports or press Alt+F10 keys to navigate to the other Audit Reports within Statutory Audit and Tax Audit.

F12: Configure

Click on F12: Configure or press F12 to change the default display for the Schedule-VI Balance Sheet report.

Note: The Default Tally Group & Balances will be displayed only in the expanded mode.

 

Know more:

Inserting and Renaming Heads

Classification of Groups/Ledgers using Move & To

Schedule VI Master Configuration

Schedule VI Rule Configuration

Current & Non-Current Classification

Agewise Bifurcation of Sundry Debtors

Note Number Configuration

Note Summary

Printing Schedule-VI Balance Sheet


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