LedgerVision

Get Tally Ledger Scrutiny done in Minutes!

  • Increase Scrutiny Coverage with more than 200+ In-Built Rules
  • Significantly Reduce Scrutiny Time
  • Reduce Manual Process of Scrutiny leading to Manual Errors
  • Get Reports for Preparation of GSTR 9 & 9C
  • GSTR2A, GSTR2B, GSTR1 Reconciliation
  • Clause 44 Reporting
  • GST & Tax Audit

Reports

GST

  • GST Scrutiny per Voucher
  • Party wise and Rate wise GST Report
  • Expenditure and Rate wise GST Report
  • Stock item wise GST report
  • Monthly RCM liability GST Report
  • 1% GST on Flat holder Receipts
  • Data Segregation for GSTR 9 and 9C

TDS

  • Identification of Short TDS, Excess TDS, Pending TDS
  • TDS Category and Party wise Report
  • 34A TDS Category, Party & Expenses wise Report
  • Data bifurcation for TDS Returns

Tax Audit

  • Tax Audit Tables
  • Sec 269SS and 269T Report
  • Cash Related reports u/s 43A(3), 269SS/T/ST
  • 5% Cash Analysis as per Sec 44 AB
  • Section 43B Statutory Dues
  • Probable Unsecured Loan hidden under Debtors / Creditors
  • Negative Cash/Bank Report

Accounts Writing

  • Wrong Accounting Entries As per basic accounting principles
  • Data Checks like Duplicate Vouchers etc.
  • Analytical Reports
  • Ageing Analysis
  • Asset Addition/ Deletion Report
  • Update Ledger Opening Balances In Tally
  • Find Spelling Mistakes in Ledger and Group Names

Compliance

  • GSTR2A Reconciliation
  • List of Pending Finalization entries like Provision
  • List of Pending Depreciation entries Prepaid
  • Related Party Transactions

Reports Screenshot

Latest Releases

Version V37
New Report added for Identifying Total Cash Receipts from Debtors
New Report Added for Identifying Total Cash Payments to Creditors
Added TCS u/s 206 C 1F – TCS on Sale of Motor Vehicle
Improved GSTR 2A/2B and GSTR1 Accuracy and Speed of Reconciliation

Version V36
Improvement in GSTR2A, GSTR2B and TDS Reports

Version V35
LedgerVision V1.0.3.5 Version is released on 22nd June 2024
1. Speed Improvement of Preparing Clause 43B(h) Report

Version V34
LedgerVision V1.0.3.4 Version is released on 14th May 2024
1. New Report Added on Clause 43B(h) allowing Deduction of Payments to Micro and Small Enterprises within set deadline
2. Improved TDS Scrutiny
3. Improved TDS Clause 34A data
4. Improved Configuration for TDS Expenses Mapping

Version V33
LedgerVision V1.0.3.3 Version is released on 5th Jan 2024
– GSTR1 Reconciliation
– 26As Reconciliation
– Faster Ageing Analysis, TCS and TDS Scrutiny

Version V31 & V32
LedgerVision V1.0.3.1 Version is released on 25th June 2023.
– Related Party Transaction Report now shows all transactions
– Configure TDS Advance Threshold Amount on Generic Config Screen. Advance more than threshold will be reported
– Check 194R and Salary TDS. Take cognizance of excess payment

Version V29
LedgerVision V1.0.2.9 Version is released on 17th April 2023.
– Input Credit Reversal Amounts added as per Rule 37 GST Rules are added in Ageing Analysis
– Monthly Compliance Checklist Added
– Analytical Reports Improved with Additional Voucher and Ledger Related Information

Version V27 & V28
LedgerVision V1.0.2.8 Version is released on 1st March 2023.

– Few improvements and GSTR2B Include Acknowledgements

Version V25 & V26
LedgerVision V1.0.2.6 Version is released on 24th Aug 2022.

– New Clause 44 Rule Added

– Clause 44 Break-up of total expenditure of entities registered or not registered under the GST is now added in Tax Audit Report
– Update Tally Feature now has additional option of downloading all Tally Ledgers

Version V23 & V24
LedgerVision V1.0.2.4 Version is released on 31st May 2022.

– TCS 206(1H) / TDS 194Q is Added
– Beta Version of Update Tally Feature will now allow you to update or create Ledgers and Vouchers in Tally

Blogs

Struggling with Internal Audit for Errors, Mismatches, and Compliance Risks? Empower your audits with LedgerVision—your ultimate solution to accuracy and efficiency!101

LedgerVision | Tally LedgerScrutiny, Features Leave a comment

LedgerVision for Internal Audit LedgerVision is a powerful tool designed to enhance internal audits, whether conducted monthly, quarterly, or half-yearly. It systematically identifies discrepancies, ensures compliance, and streamlines financial data analysis. Below are the key areas it covers: Key Areas Audited by LedgerVision: Wrong Accounting Entries: Detects and flags incorrect or inconsistent entries in accounting... Continue reading→

IS TDS Under Section 194H on Commission Troublesome ?- Here are the Key Insights & Recent Updates

LedgerVision | Tally LedgerScrutiny, Tax Audit Leave a comment

TDS under Section 194H of the Income Tax Act is applicable on payments made by a business or individual for commission or brokerage. Here’s a breakdown of the key provisions of Section 194H: Rate of TDS: The TDS rate on commission or brokerage under Section 194H is 5%. If the payee (recipient) has not provided... Continue reading→

Is Monthly GST and Other Statutory Compliance Crushing You? 😓101

LedgerVision | Tally LedgerScrutiny, Features Leave a comment

Here’s a detailed breakdown of LedgerVision’s Monthly GST and other statutory Compliance Reports and the associated penalties and interest calculations: TDS Compliance Non-Deduction/Short Deduction of TDS: Report Details: The TDS scrutiny report provides a tabular view that includes the party details, TDS ledger, TDS category, TDS rate, expense amount, applicable TDS, and actual TDS. It... Continue reading→

Disallowance in case of short/non deduction of TDS

Tax Audit, LedgerVision | Tally LedgerScrutiny Leave a comment

In the context of the Income Tax Act, 1961, expenses are subject to disallowance if TDS (Tax Deducted at Source) is either not deducted or deducted at a lower rate than required. The relevant section for such disallowance is Section 40(a)(i) and Section 40(a)(ia) of the Income Tax Act. Here’s an overview of how these... Continue reading→

Importance of Automated Tally ledger Scrutiny

Features, LedgerVision | Tally LedgerScrutiny Leave a comment

Automatic Tally ledger scrutiny offers several advantages over manual scrutiny, making it a more efficient and effective approach. Here are some key reasons: Speed and Efficiency: Automation: Automatic systems can process large volumes of data in a fraction of the time it takes for a human to do the same. This speed allows for quicker... Continue reading→

Audit risk in reporting Sec 269SS/T/ST of Income Tax Act 1961

Tax Audit Leave a comment

Probable unsecured loans and deposits Introduction Indian tax laws, particularly sections 269SS, 269T, and 269ST of the Income Tax Act, 1961, aim to curb black money and tax evasion by regulating cash transactions. Auditors have specific responsibilities to ensure compliance with these sections during financial statement audits. However, the sheer volume of transactions in large... Continue reading→

Difference Between Manual and Automatic Ledger Scrutiny

Ledger Scrutiny Leave a comment

  Sr. No. Manual Ledger Scrutiny Automatic Ledger Scrutiny 1 Time-consuming process Very fast 2 Requires detailed knowledge and experience Requires operational knowledge of the subject and audit tool 3 100% checking is not always possible Always 100% checking is done 4 Data processing at ledger master level is not possible Scrutiny takes care of... Continue reading→