Verification of Opening Balances in Tally
Verification of Opening
Balances report will help the user to check and fix the Opening Balance
differences between different Groups/Subgroups/Ledgers when the Current Year
and Previous Year company data are available as separate companies on Tally.ERP
9.
By default this report
will show Opening Balance differences between different
Groups/Subgroups/Ledgers of Non Revenue type. The user can include Revenue type
of Groups/Subgroups/ Ledgers for verification by F12: Configuration.
To view the Verification
of Opening Balances report
1. Go to Gateway of Tally > Audit & Compliance > Audit & Analysis > Verification of Balances.
If previous year company
is not loaded, click on Ctrl+F3: Compare Cmp or press Ctrl+F3 to load the
Company that contains the data for the year prior to Audit period
Click on Ctrl +V: Verf of
Op. BAL or press Ctrl + V.
Verification of Opening Balances report appears as shown below:
Place the cursor on any of the Groups
displayed, and press Enter to view the
Verification of Opening Balances report for that Group:
Button options in Verification of Opening
Balances report
F1: Detailed
The
Auditor can further drill down to Subgroups and Ledgers by pressing Enter on
the required Groups from the above screen. The information can also be viewed
in detail by clicking on F1: Detailed or pressing Alt+ F1 from the above
report.
The
detailed report will be displayed as shown:
Ctrl+F3: Compare Cmp
Click on Ctrl+F3: Compare
Cmp or press Ctrl+F3 to load the Company
that contains the data for the year prior to Audit period.
F4: Group
Click on F4: Group or press F4 to view the Verification of Opening Balances report for a particular Group.
F5: Led-wise
To view the Ledger wise report for
Verification of Opening Balances click on F5: Led-wise or press F5.
F9: Verify
Click on F9: Verify or press Alt + F9 to mark any ledger as Verified or on hold.
Ctrl + O: Opp Behaviour
To view the Groups which have
balances of the opposite nature, that is, if a Group that should normally have,
say, a Debit balance has a Credit balance, click on Ctrl+O: Opp Behaviour or press Ctrl+O.
Any Further
Queries please feel Free to Contact us:
goodwilllearningworld@gmail.com
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