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 V39
1.GSTR 2B report updated as per new formats of JSON files
2.New Functionality added for 26AS Reconciliation
3.Improved working of GSTR2B Reconciliation of single and group company
4.Smaller improvements and bug fixex in GSTR2B, GSTR2A, GSTR1
5.Auto ubdate of tally ledger masters is improved
6.GST scrutiny reports updated for data bifurcation
7.Improved working of TDS Expense wise report and disallowance

Version V38
1. Improved GSTR 2A/2B and GSTR1 Accuracy and Bifurcated GST Amount Tally in CGST, SGST, IGST
2. Added Changed GSTR2B JSON format from October 24
3. New Report added in Analytics Reports- Sales through cash
4. New Report added in Analytics Reports- Purchases with cash
5. Improved cash report and renamed as “Cash Deposits and Withdrawals”
6. New Report “Section 44AB” is added in Tax audit result
7. TDS rate 194H is changed from 5% to 2% from 1-october-2024 on-words
8. Improved working of 43BH report
9. New report is added Related Party Summary

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

Blogs

“Mastering Block Credit: Unlock the Secrets to Financial Efficiency!”Block Credit 101

LedgerVision | Tally LedgerScrutiny, GST Leave a comment

Understanding Block Credit Under GST in India The Goods and Services Tax (GST) system in India, implemented on July 1, 2017, replaced multiple indirect taxes and streamlined the tax structure across the country. One of the key features of GST is the Input Tax Credit (ITC), which allows businesses to claim a credit for taxes...Continue reading→

“Is GST audit a relentless challenge?” – LedgerVision to rescue (101)

LedgerVision | Tally LedgerScrutiny, GST Leave a comment

LedgerVision for GST Audit LedgerVision is a comprehensive tool tailored for GST audits, ensuring compliance, accuracy, and streamlined reporting. Its features are designed to identify errors, reconcile data, and provide ready-made bifurcations for seamless GST compliance, including GSTR 9 and GSTR 9C preparation. Key Features of LedgerVision for GST Audit Identifying Wrong GST Entries LedgerVision...Continue reading→

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→