ERP Software includes embedded audit tool.
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Press Release Summary:
Intended for Chartered Accountants, Tally.ERP v9 - Auditors' Edition includes audit tool that provides option to audit from anywhere worldwide. Program covers statutory audit, tax audit under section 44AB, and statutory compliance for continuous compliance services. In addition to audit dashboard, balance sheet audit, and verification of opening balance, program provides fixed assets analysis, periodic payment ledgers analysis with variance, and outstanding balance as per MSMED Act.
Original Press Release:
Tally.ERP 9 unveils New and Enhanced 'Auditors' Edition' targeted at Chartered Accountants
Bengaluru: Tally Solutions Pvt. Ltd, the leading business solution software in India, has announced the immediate availability of their Tally.ERP 9 - Auditors' Edition, now with an enhanced Audit Tool exclusively meant for practicing Chartered Accountants (CAs). This enhanced Audit Tool empowers CAs to control the annual Audit activity from the comfort of their offices. Today, aspects such as, resource allocation and itinerary of client's visits are eating away much of an auditor's time and leaves little room for analytics. This new release of Tally.ERP 9 - Auditors' Edition promises to ease tight schedules prevalent during the audit period. Now the bulk of the information related to auditing is available at the click of a button.
The Auditor's tool provides the option to Audit from anywhere in the world. It covers Statutory Audit, Tax Audit under section 44AB and Statutory Compliance, including for continuous compliance services(Includes Internal Audit as well).
According to Mr. Bharat Goenka, Co-Chairman and Managing Director, Tally Solutions Pvt. Ltd, "Chartered Accounts have been playing a key role in enhancing transparency in a Corporate Structure now for many years. Keeping in mind their pressures and expertise in this domain, Tally has worked meticulously to develop the necessary technology support - with products, tools, processes and a robust sales & support ecosystem to enable CAs to conveniently deliver expert professional services. We are quite confident that CAs will perceive the Tally.ERP 9 - Auditors' Edition as a boon as they can now have quality time to offer enhanced services to their clients. This helps them to not only improve revenues and reduce costs but also Increase efficiency to the overall audit process".
Features of Tally Audit Tool:
o Audit dashboard
o Balance Sheet Audit
o Audit Anywhere
o Analytical procedures
o Verification of Chart of Accounts & Stock Items
o Easy-to-spot-errors via exceptions
o Verification of Opening Balance
o Report on Pending Documents
o Fixed Assets Analysis
o Periodic payment ledgers analysis with variance
o Outstanding balance as per MSMED Act
o Verification of Vouchers
o Menu Driven Sampling Methods including 'Benford Analysis'
o Manual sampling and query based sampling methods
o Online, real-time Audit clarification from clients
o Internal Audit observation and clarification amongst Audit team on real-time basis
o Audit Journals
o Audit working papers
o Generation of Schedule VI Balance sheet & Profit & Loss Account
o Export to Excel
o Track of Finalization entries to incorporate changes at the client's end
o Generate Form 3CD and related annexure
Additional testimonials/quotes from Customers and Chartered accountants
Mr. Prakash R L, President
"By using the Audit Tools available in Tally, a CA can provide advisory services to accelerate the growth of these businesses. Simply said, he could become the defacto CFO for his clients and suggest corrections at the right time. Being a Chartered Accountant myself, I am receiving feedback to the effect from my network of friends."
Mr. Varadarajan, VP & Chief Financial Officer, Stovekraft Pvt. Ltd
"I have been an extensive user of Tally from its earlier avatars to its latest ERP 9. One of the wonderful features of Tally.ERP 9 Audit tools that impressed me most is the tracking of the queries raised by our auditor and the replies given by us. The readymade Schedule VI formats of the Balance Sheet and Profit and Loss Account is of immense benefit and a huge time saver. With the schedules and groupings also available, this makes the preparation of Financial Statements a breeze. I am confident that the time spent by the client and their auditors will be at-least halved through this tool. This in no way undermines the quality of the audit conducted by the Auditor."
K Mohan, CA Firm Mohan & Chandrasekhar
"I was overwhelmed by the technological advantage of doing the audit remotely for many of my clients using Tally.ERP 9. This will benefit me and my clients immensely. The time saved will help me in serving more clients. Without the latest version of Auditors edition our work would not have been so simple"
About Tally Solutions
Since its inception in 1986, Tally Solutions has simplified business processes and enhanced the productivity of small and medium-scale enterprises with its powerful business accounting and inventory management software.
The company's tremendous progress is validated by various research agencies and media houses who have named Tally as one of the fastest-growing software product companies in India.
Guided by its core philosophy "Power of Simplicity", Tally Solutions has pioneered the code-less concept in accounting and business management software and continues to improve by leveraging new technologies to offer innovative features and capabilities.
The sphere of operations currently spans the Middle East, Africa, the Indian sub-continent, Asia-Pacific and the UK. For its simplicity in use, versatility in its technology - Tally has been the recipient of a number of awards and accolades - the prestigious IT National Excellence Award; 360 Magazine's Golden Rhino Award; Franchise Award for best in Education Coaching & Training; VARIndia Star Nite Award for Best Financial Software to name a few. For more information, visit www.tallysolutions.com.
