The MSME Transactions Summary report displays Outstanding bills for the MSME's as identified by the Auditor. This report also displays those bills which were cleared after 45 days. This report will help the Auditor to check if the Client has timely cleared the Outstanding Amount from MSME's and comply with the MSME Act.
To view the MSME Transactions Summary report,
Go to Gateway of Tally > Audit & Compliance > Audit & Analysis > Micro, Small, Medium Enterprises (MSME) Transactions
The MSME Transactions Summary report displays the name of the organisation, Enterprise Type, Name of the Group/Subgroup, Total Vouchers, Audited Vouchers and total amount that is Outstanding for the selected period (shown as Closing Balance).
The Closing Balance is not shown for the Bills which are cleared but not within the stipulated time frame.
Click on F4: Group or press F4 to filter the Enterprises/Party Ledgers belonging to the selected Group.
F6: Age wise
Click on F6: Age wise or press F6 to select the ageing options - Ageing by Bill Date or Ageing by Due Date and to alter the aging period.
To view the Audit Working Paper during Auditing, click on Ctrl+W: Audit Wkg Paper or press Ctrl+W keys. The details displayed in Audit Working Paper will be relevant to report from where it is triggered.
Click on Ctrl+F9: Master Config or press Ctrl+F9 keys to identify the parties as MSME, Related Parties, Periodic Ledgers and apply Sampling methods for Auditing.
Click on F9: Inv Reports or press F9 key to navigate to the default Inventory Reports like Godown Summary, Movement Analysis, Stock Summary etc.
Click on F10: Acc Reports or press F10 key to navigate to the default Accounting Reports like Balance Sheet, Cash Flow, Trial Balance etc.
Click on F10: Audit Reports or press Alt+F10 keys to navigate to the other Audit Reports within Statutory Audit and 44AB Audit (Tax Audit).
Click on F12: Configure or press F12 to change the default display for the above report.
Appearance of Names: Select the required Display Name for the Related Parties
Show Enterprise Type: Select the required option from the Enterprise Type list to filter the report for selected Enterprise Type, such as Micro, Small, Medium or All Items.
Show Registration No.: Set this option to Yes display the registration number of MSME.
Click on F12: Range or press Alt+F12 to use the Range Filter option to search the specific Vouchers from the list of Ledger Vouchers under each Enterprise type.
Click on Ctrl+F12: Value or press Ctrl+F12 to use the Value Filter option to search the specific Vouchers as per the specified user defined criteria.
The Auditor can press Enter on the required party name to view the Micro, Small & Medium Enterprises - Ledger Vouchers report.