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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.

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Financial Statements

How it works

From posted ledger to signed-off statements.

Step 01

Statements regenerate on every post

P&L, balance sheet, cash flow, and notes regenerate live as bills, invoices, payments and JEs post. No batch refresh, no waiting.

Step 02

Layouts per GAAP

Schedule III, Ind-AS, IFRS, US-GAAP layouts ship pre-built. Same ledger, four views. Multi-GAAP per entity supported.

Step 03

Drill from line to source

Click a line item in the P&L; the underlying JEs surface. Click a JE; the source bill, invoice or payment surfaces. The audit trail is one click deep.

Step 04

Notes auto-drafted

Schedule III notes (related parties, CSR, segment reporting, contingent liabilities) auto-drafted from the ledger. The CA reviews and finalises.

What the system does

Capability, input, output.

  • 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.

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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.

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