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Ledger Balance Variance (India)

The Ledger Balance Variance report displays a detailed comparison between the Ledger Closing Balances between the Audit Year and Previous Year. The Ledger to Ledger comparison will help in checking the deviations between the years.

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View Ledger Balance Variance report

Button options in the Ledger Balance Variance

Configuration Options

View Ledger Balance Variance report

1. Go to Gateway of Tally > Audit & Compliance > Audit & Analysis > Verification of Balances .

2. Click V : Balance Variance or press Alt+V .

The above displays the Ledger wise Closing Balance values for Previous Year and Audit Year (Current Year) along with the Variance in Amount and Percentage . The above report also displays the Verification Status for the Ledgers which are already checked and verified by the auditor.

Button options in the Ledger Balance Variance

● F4: Group : Click F4 : Group or press F4 to view the above report only for the selected Group .

● F5: Grouped : Click F5 : Grouped or press on F5 to view the Group wise Balance Variance report.

● Ctrl+F9: Master Config : Click Ctrl+F9 : Master Config or press Ctrl+F9 to identify the parties as MSME , identify Related Parties and apply Sampling methods for Auditing.

● F9 : Verify : Click F9 : Verify or press F9 to mark any Ledger as Verified .

● Ctrl+F10: Remove Audit : Click Ctrl+F10 : Remove Audit or press Ctrl+F10 after selecting the required Ledgers from the above report to change the Audit Status to Unaudited (Blank).

● W : Working Note : Click W : Working Note or press Alt+W to specify the working note details at Company or Group or Ledger level. The details provided in working note will be captured in Audit Working Paper along Β with the details of User Name , Working Note Date and Time , Status , Note and so on.

● Ctrl+W: Audit Wkg Paper : To view the Audit Working Paper during Auditing, click Ctrl+W : Audit Wkg Paper or press Ctrl+W . The details displayed in Audit Working Paper will be relevant to report from where it is triggered.

For more details on Working Paper refer the topic Audit Working Paper .

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

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

● F10 : Audit Reports : Click F10 : Audit Reports or press Alt+F10 to navigate to the other Audit Reports within Statutory Audit .

Configuration Options

Click F12 : Configure or press F12 to change the default display for the above report.

For more details on the F12 : Configuration options, see Trial Balance report.

Additional options in the above report are explained below:

● Show Verification Note : Set this option to Yes to display the verification note entered by the Auditor.

● Show Ledgers with Variance : This is a filter option to display the Ledgers with Variance Greater than, Less than or Equal to the entered value. The details can be filtered based on the Percentage or Amount.

● Sorting Method : Β Select the required Sorting Method from Default, Alphabetical (Decreasing), Alphabetical (Increasing), Variance % wise (Decreasing), Variance %wise (Increasing) Variance Amount-wise (Decreasing) and Variance Amount wise (Increasing) for the Ledgers.