Gen BAL is one of the most popular Balance Sheet Software for Chartered Accountants. The software makes it super easy to automatically calculate profits and loss statements for quick preparation of balance sheets. It allows importing of trial balance directly from third-party accounting software like Busy and Tally. Users can also file 3CA/CB directly within the software and upload online later. In addition to specimen fund flow and cash flow statements.
Gen BAL can be used to prepare audit forms, annual returns and calculate depreciation. One of the best features of our Balance Sheet Software is the capability to import data directly from Tally, Busy, MS Excel and other popular accounting and tax software. The application can automatically generate balance sheet, profit-loss data, trading account and lists based on the Trial Balance provided by the user.
Other notable features include updated Tax audit reports, option to change format of the Accounts Notes’ items, facility to draw trading account in columnar format with quantitative details, preparation of all types of audit reports, Defer Tax Liability calculation, Ratio Formulas, Trial Balance Merge facility and more.
Installation | 6000*The Gen Bal offers a facility of import data directly from Tally 4.5 / 5.4 / 6.3 / 7.2 / 9.0, MS-Excel and from several other software like Busy, NAC, TATA Ex and Focus.
The user just need to enter the Trial Balance and the Balance Sheet, Profit & Loss Account, Trading Account, Schedules and Lists will get generated.
Profit & Loss and notes on accounts as per new amended Schedule VI. Auto preparation of balance sheets with and without revise schedule VI.
The user has an option to import the data through trial balance from various software like Tally, Excel and ERP with help of Gen Bal.
The Software is inclusive of updated Tax audit report according to Ass. Year 2014-2015. User can import the data of TDS directly in our Gen-BAL software. If you are not using our TDS software then importing data can be functioned through our (import/export) excel sheet option.
User has facility to input data of two years in balance sheet & P & L at the same time by using this software.
User can change the format of the Notes’ items in the Accounts.
The facility of aligning Balance Sheet and Profit & Loss account in Horizontal & Vertical orientation (As per Schedule VI) formats is also available in the software.
Our Balance Sheet software gives a facility of draw trading account in columnar format with quantitative details.
The preparation of reports viz. 3CA, 3CB, 3CD with annexures, company auditors report, CARO, notice, director report and notes on accounts are made along with miscellaneous certificates.
The Defer Tax Liability / Assets as per AS-22 can also be calculated with this software.
The specimen of qualification in auditor report, notes on accounts and accounting policies are found in the software with cash flow and fund flow (as per AS-3).
Balance Sheet abstract and annual return of companies are prepared.
Display of Ratios for Multiple Years with Ratio Formulas and Merge different Trial Balance to single Balance Sheet are also embedded into the Gen-Bal.
The calculation for depreciation as per IT act and companies act with preparation of fixed asset chart and register are executed in the Gen-Bal software.
Depreciation Chart as per Schedule II of Companies Act 2013.
Import -Export Facility in Depreciation Chart.