Smart financial statements for non-corporates with TallyPrime

 

Whats New In Tally Prime 7.0


Smart financial statements for non-corporates with TallyPrime

TallyPrime helps non-corporate entities—such as sole proprietors, partnership firms, LLPs, professionals, NGOs, and trusts—prepare clear, compliant, and decision-ready financial statements without complex accounting effort.

What “Smart” Means in TallyPrime

Smart financial statements are:

  • Accurate & real-time – auto-updated from daily entries

  • Compliant – aligned with Indian accounting and tax norms

  • Customizable – tailored to the needs of non-corporates

  • Insight-driven – not just reports, but analysis

Key Financial Statements You Get

For non-corporates, TallyPrime generates:

  • Balance Sheet – assets, liabilities, capital

  • Income & Expenditure / Profit & Loss Account

  • Receipts & Payments Account

  • Cash & Bank Statements

  • Capital Account & Partner’s Capital (for firms)

  • GST, TDS, and other statutory reports

All reports are available instantly and update as soon as you record a transaction.

Smart Features in TallyPrime

1. Simple Data Entry → Powerful Reports

  • Voucher-based entry (Payment, Receipt, Journal, Sales, Purchase)

  • No need to “prepare” statements separately

2. Configurable Reports for Non-Corporates

  • Group-wise income & expense analysis

  • Fund-wise reporting (useful for NGOs & trusts)

  • Partner-wise or project-wise profitability

3. Compliance-Ready

  • GST-ready financials

  • TDS expense tracking

  • Audit-friendly formats

4. Better Decision Making

  • Period comparison (Monthly / Quarterly / Yearly)

  • Drill-down from summary to voucher level

  • Cash flow & fund flow visibility

Who Benefits the Most?

  • Small business owners – quick view of profit & cash position

  • Professionals (CA, doctors, consultants) – income vs expense clarity

  • Partnership firms – partner capital & drawings tracking

  • NGOs & trusts – receipts & payments + income & expenditure reports


 


Location: Delhi, India

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