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https://help.tallysolutions.com/docs/te9rel49/Statutory_Audit/Income_Expense_Disclosure.htm

Income/Expense Disclosure

Items of income or expenditure exceeding 1% of the Revenue from operations, or Rs.1,00,000 whichever is higher, will be available in separate reports - Income Disclosure  and Expense Disclosure.

Go to Gateway of Tally > Audit & Compliance > Financial Statements > Profit & Loss A/c

  • Drill down into the Note Summary of an Income Head - Revenue from Operations or Other Income

  • Click on Ctrl+C: Classify Helper or press Ctrl+C

The Income Disclosure report appears:

  • Place the cursor on the required income item and click on Ctrl+Enter: Classify or press Ctrl+Enter to set Schedule VI Configuration for the chosen income item

  • To set Schedule VI Configuration for multiple income items at one go, select the required items using Spacebar and click on C: Multi Classify or press Alt+C

 

For Expense Disclosure report, drill down into the Note Summary of Other Expenses:

  • Click on Ctrl+C: Classify Helper or press Ctrl+C

The Expense Disclosure report appears:

  • Place the cursor on the required income item and click on Ctrl+Enter: Classify or press Ctrl+Enter to set Schedule VI Configuration for the chosen income item

  • To set Schedule VI Configuration for multiple income items at one go, select the required items using Spacebar and click on C: Multi Classify or press Alt+C

Button options in Income Disclosure/Expense Disclosure report

S: Show Separate

Select the required Ledgers using Spacebar and click on S: Show Separate or press Alt+S to display them separately on the face of the Schedule-VI Profit & Loss A/c

F9: Inv Reports

Click on F9: Inv Reports or press F9 to navigate to the default Inventory Reports like Godown Summary, Movement Analysis, Stock Summary etc.

F10: Acc Reports

Click on F10: Acc Reports or press F10 to navigate to the default Accounting Reports like Balance Sheet, Cash Flow, Trial Balance etc.

F10: Audit Reports

Click on F10: Audit Reports or press Alt+F10  to navigate to the other Audit Reports within Statutory Audit and Tax Audit

F12: Configure

Click on F12: Configure or press F12 to change the default view of the Schedule VI Master Configuration report:

  • Show Name of Group: Set this option to Yes if the Ledger has been categorised under Sub-Groups in Tally.ERP 9

  • Show Primary Group: Set this option to  Yes to view the Primary Accounting Group under which the Ledgers have been classified

  • Minimum Amount: This field will be Rs.100000 by default.

  • Percentage of Revenue from Operations: This will be 1% by default

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