Accounting Software | Financial Statements

P&L, balance sheet, cash flow. Schedule III, Ind-AS, IFRS layouts.

Statements drop the day you close. Schedule III Division I, II and III. Ind-AS for the entities that have crossed the threshold. IFRS for foreign-parent group view. Cash flow direct or indirect. Drill from any line to the source JE to the source bill.

Start free trial Book a demo

What the system does

Capability, input, output.

Capability	Input	Output
P&L generation	Posted ledger + Schedule III mapping	Division I/II/III layout with comparatives
Balance sheet	Posted ledger + period close	Schedule III, Ind-AS, IFRS layouts in parallel
Cash flow (direct + indirect)	Posted ledger + bank movements	Both methods drafted; CFO picks the layout
Notes drafting	Ledger + segment + related-party master	Schedule III notes auto-drafted
Drill-to-source	Statement line	JE → bill / invoice / payment, one click
Comparatives	Prior period statements	YoY and QoQ comparatives in the layout

P&L generation

Input

Posted ledger + Schedule III mapping

Output

Division I/II/III layout with comparatives
Balance sheet

Input

Posted ledger + period close

Output

Schedule III, Ind-AS, IFRS layouts in parallel
Cash flow (direct + indirect)

Input

Posted ledger + bank movements

Output

Both methods drafted; CFO picks the layout
Notes drafting

Input

Ledger + segment + related-party master

Output

Schedule III notes auto-drafted
Drill-to-source

Input

Statement line

Output

JE → bill / invoice / payment, one click
Comparatives

Input

Prior period statements

Output

YoY and QoQ comparatives in the layout

Compliance + integrations

Statements that match the law your auditor cites.

Schedule III layouts maintained centrally. Ind-AS line items updated as the standard evolves. IFRS for foreign-parent groups. Multi-GAAP per entity, no parallel ledger to maintain.

Regulations we work within

Companies Act, Schedule III

Division I, II and III layouts ship with the product.
Ind-AS

Ind-AS 1, 7 and 12 layouts maintained centrally.
IFRS

IFRS layouts for foreign-parent group view.
AS-3 (Cash Flow)

Direct and indirect methods both supported.

Connects to

Tally Prime Statement export to Tally format
Excel / PDF export Auditor-ready packaging

Financial Statements FAQ

What buyers ask.

Schedule III Division I vs II vs III. How does the system pick?

Division I (companies other than NBFCs / banks), Division II (Ind-AS companies), Division III (NBFCs) are all supported. The entity's regulatory status (set at master) drives the default layout. Division can be overridden per entity for transition years.

We adopted Ind-AS this year. Is the transition handled?

Yes. The first Ind-AS year is supported with a transition workpaper (Schedule III Division II ↔ Ind-AS reconciliation, opening balance adjustments, presentation differences). The CA reviews the transition before sign-off.

Cash flow: direct or indirect method?

Both methods are supported. Most Indian companies file the indirect method per AS-3; the direct method is available for management reporting. Switch between layouts with no posting impact.

Can we restate prior periods?

Yes. Restatements (a prior-period error, a change in accounting policy, a Section 197 reclass) are supported with a tracked event. The restated statements export with the restatement note auto-drafted.

Related features

Run last quarter's statements on your ledger, free.

Connect one entity, post a few JEs, see the Schedule III balance sheet generate live. Drill from any line to the source JE in one click.