Non Tally Balance sheets

Ledger Fusion is a versatile tool that can automatically prepare balance sheets for non-Tally data, catering to various formats and software requirements. Here’s how it handles data from different accounting software:

Balance Sheet Preparation Formats:

  • Schedule III Format: Suitable for companies adhering to the Companies Act requirements.
  • Non-Corporate Horizontal and Vertical Formats: Ideal for businesses or entities that do not follow Schedule III but require structured balance sheets.

Types of Non-Tally Data Handled:

  1. Zoho:
    • Required Data: Account group list and trial balance for current as well as previous year.
    • Format: Data should be provided in Excel format. Ledger Fusion processes this data to generate the balance sheet automatically.
  2. Busy:
    • Required Data: List of account groups, chart of accounts, and trial balance for current as well as previous year
    • Format: These details must be provided to ensure accurate balance sheet generation.
  3. Miracle:
    • Required Data: Similar to Busy, Ledger Fusion requires the list of account groups, chart of accounts, and trial balance for current as well as previous year
    • Format: Data is processed to fit into the selected balance sheet format.
  4. Other Tailor-Made Accounting Software/ERP:
    • Required Data: Trial balance for current as well as previous year
    • Format: The trial balance needs to be pasted into a predefined format provided by Ledger Fusion, enabling it to process the data and generate the balance sheet.

Key Benefits:

  • Compatibility: Works with multiple accounting platforms, providing flexibility for businesses using different systems.
  • Efficiency: Automates the balance sheet preparation process, saving time and reducing the likelihood of errors.
  • Customization: Supports various balance sheet formats, allowing users to choose the one that best fits their reporting needs.

This functionality makes Ledger Fusion a valuable tool for businesses seeking to automate and streamline their financial reporting processes, even when using non-Tally accounting software.