https://help.tallysolutions.com/docs/te9rel64/Auditor_Edition/India/Statutory_Audit/Schedule_Summary.htm

Note Summary (India)

The Note Summary report in Tally.ERP 9 provides a detailed break-up of each of the Schedule-VI Head in the Balance Sheet.

To view the Note Summary report for Profit & Loss A/c

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

2. Select required Schedule VI Group and press Enter .

Note: Note Summary report will also appear when Enter is pressed on the Default Tally Group (when the Note Summary is in the expanded mode).

Drilling down further into the Grouped as well as Ungrouped Heads, users can perform Schedule VI Rule Configuration from the Note Summary report using the Ctrl+Enter : Classify or C : Multi Classify options.

Button options in the Note Summary report

F1 : Detailed

Click F1 : Detailed or press Alt+F1 to view the Note Summary in detailed form. The detailed view for Note Summary displays the default Tally Groups with balances which have been classified under various Schedule VI Groups.

N : Notes

Place the cursor on a Schedule VI element and press Enter . Click N : Notes or press Alt+N to add the Notes to the Note Summary .

Specify the required Notes in the Notes to note summary screen

Press Enter twice to accept and save the Notes to note summary .

The Note Summary with the Notes appears as shown:

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 .

F12: Configure

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

Show Items with Zero Balance :  Set this option to Yes to display the default Tally Groups with Nil Balance in the Schedule-VI Profit and Loss A/c .

Show Nett Balance : Set this option to Yes to display only Nett Balance instead of Debit and Credit Balances.

Show Notes : Set this option to Yes to display the Notes entered for the selected Note Summary , if any.

Scale Factor for Values : Select the required Scale Factor from Crores, Hundreds, Lakhs, Millions, Ten Lakhs, ten Millions, Ten Thousands, Thousands or Default for displaying the balances in the Schedule-VI Profit and Loss A/c.

Show All Ungrouped Elements : Set this option to Yes to view the Schedule VI elements that do not have Groups/Ledgers reclassified under them

The Note Summary report for Revenue from Operations has a Ctrl+E : Excise Duty button:

The user has to specify the Excise duty for the current year, and the same will be captured on the face of the Statement of Profit & Loss .

Printing Notes

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

o Select required Schedule VI Group and press Enter .

o Press Alt+P to print the Note for the selected Schedule VI Head .

o Press Enter to Print

Similarly, other Notes can be printed.

Know more:

Changes in Inventories

Purchases of Stock-in-Trade

Cost of Materials Consumed