List of Ledgers to be Verified

To access the List of Ledgers to be Verified report,

Go to Gateway of Tally > Audit & Compliance > Statutory Compliance

  1. Highlight the numbers for Ledgers in the Possibly Incorrect (to be Verified) column using right and left arrow keys

  2. Press Enter

Note: Release 1.8,1.81, 1.82, 2.0, 2.1 and 3.0 provides the Statutory Compliance features for VAT/CST, TCS and FBT alone.

The List of All Ledgers to be Verified screen displays all the Ledgers that are not created as per the recommended setup in Tally.ERP for the respective statutory module. It also shows the Reason due to which the Ledger is classified under Possibly Incorrect (to be Verified) along with the immediate Group/Sub Group, Verification Status and Verification Note if any.

The above screen shows the List of Ledgers to be Verified for VAT, Service Tax, FBT and TCS.  When more than one statute is selected, and a Ledger is not created as per the recommended setup for more than one Statutory module, there will be multiple Reasons shown for this Ledger.

Based on the access, the above report will show the list of Ledgers to be verified for the respective Statute only. The List of Ledgers to be Verified (for VAT) will appear as shown:

The following types of Ledgers will be displayed under Possibly Incorrect to be Verified (for VAT) during the verification of Ledgers for VAT:

  1. If Used In VAT Returns is set to No in case of Purchase/Sales Ledger.

  2. If Used In VAT Returns is set to Yes for Sales/Purchase Ledgers but the VAT Classification is not specified.

  3. If Duty Ledger is created with Type of Duty/Tax as Others.

  4. If the Duty Ledger is created with Type of Duty/Tax as VAT, but the VAT Classification is not specified. And so on..

When the Ledger does not satisfies any of the default setup that is recommended, it will appear under List of Ledgers to be Verified along with the valid Reason(s) for the same.

Button options in List of Ledgers to be Verified screen

Condensed/Detailed

By default the List of Ledgers to be Verified report is displayed in the detailed format. To view the condensed report, click on F1: Condensed or press Alt+F1.

Note: Based on the security rights or Statute selected the detailed screen will show the Verification Status for the respective Statutes.

F4: Group

To filter the List of Ledgers to be Verified for a particular Group, click on F4: Group or press F4 and select the required Group as shown:

F9: Verify

To mark a Ledger as Unknown, Need Clarification or Verified for selected Statute, click on F9: Verify or press F9.

Visit Ledger Verification for more details

Configuration options in List of Ledgers to be Verified screen

To view the configuration options, click on F12: Configure or press F12 key