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Schedule VI Balance Sheet

Schedule VI Balance Sheet is now available with Release 3.2 of Tally.erp 9. Here, is a complete step by step tutorials to help to generate the Scheduled Balance Sheet from Tally.erp 9. The default Tally.erp 9 does not  generate a detailed  balance sheet, makes it complicated to  study the same. Here, this option gives an in-depth view of the Financials.

Schedule VI Balance Sheet | Why it is requiring?

All Companies registered in India are requires to prepare their Financials in the format provided in Schedule VI of the Companies Act. This format is popularly knowing as Schedule VI Balance Sheet and is used to generate Balance Sheet in Schedule VI format. It is  useful not only for companies but  any other types of  business units. The default Tally.erp 9 does not provide us a detailed balance sheet,  which shows ledgers under groups so, here Schedule balance sheet helps all of us to view and print the balance sheet in detailed format.

Schedule VI Balance Sheet| How to enable it in Tally

It does not require any specialized efforts to generate the balance Sheet in Schedule VI. Just go to Balance sheet in your Tally software and the below screen shot will appear.

 

sch VI Bsheet
image-2603

 

In the above screen shot on the right side panel, there is an option Schedule VI ? Hit it and the below screen  will be available.

Sch VI details
image-2604

Again see on the right side panel and there is some option. If there is no previous year in your Company data, than the Show previous year option will be inactive. If there is previous data exist in your current company data, than it will generate the current year balance sheet as well as the previous year balance sheet so, it is easy to compare both year data. If the data has not splited your data than this option is very useful for you.

Another valuable option is arranging Schedule Number, hit the Sch. No. showing in the right side bar and below screen will appear.

 

 

schdeule number filling
image-2605

 

Schedule VI Balance Sheet| Why one  should use it

Although,  this Sch VI Balance Sheet is compulsory for Companies, yet anyone can use it! The biggest benefit is that one    do not need any detailed Balance sheet Tally TDL to view the detailed financial. Scheduled balance sheets represents data in a professional manner, and with complete detailed information.

In, the next post, we will more about some tips and tricks related to this Balance sheet

 

 

 

About the Author

Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site

Leave a Reply 3 comments

Vinod - 5 years ago Reply

Nice site !!

Sushil Pal - 4 years ago Reply

Mr. Mahendra Ji

In Schedule VI Balance Sheet

I want to know how to create new Group In Schedule VI

I want to making a Schedule of Sundry Creditors

Pls reply on my mail id

Atanu - a few months ago Reply

How can one prepare Balance sheet and Pl as per revised schedule VI for consolidated(group company) accounts because audit features menu is not visible in the GOT menu

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