Usha infotech - Stock Inventory Management & Audit Tools for CA Study Circle

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© Tally Solutions Pvt. Ltd. All Rights Reserved
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USHA INFOTECH
Athourised Sales, Service & Integrator Partner

We Thank You for…
 Making Tally a SUCCESS.
 Helping businesses GROW.
 Your TIME that you have given us today.

What makes us SUCCESSFUL
Value GROW
 we create for a business that helps it

What Makes Tally.ERP 9 The Best
• Complete Accounting Management
• Complete Inventory Management
• Complete Statutory Management
(VAT , TDS, Service Tax, Excise Dealers ,Excise
Manufactures, CST ) with all reports and e-filling )
• Payroll Management
• Income Tax for salaried persons

Capabilities of Tally.ERP9
• Remote Access – SMS The Magic
• Integrated Support Centre with In Tally.ERP9
• Control Centre
• Auto Backup
• Jobs & Recruitment
• Tally Shop
• Banking
• Advisory service from experts thru Tally.ERP 9 –
Auditor’s Edition

Tally.NET
• Tally.NET is an enabling environment which works behind the
scenes to facilitate a host of services from within Tally and in
future via the browser.
• Tally.NET as an enabler is part of the default product. Any and
every Tally.ERP is Tally.NET enabled.
• However some capabilities may require a paid subscription

Tally.NET Coverage
Remote
Access
SMS

Auto Backup in Tally.ERP 9
• Enable Auto Backup
• Configure Auto Backup
• Restore Auto Backup

Export & Import
Export
ASCII
Excel
HTML
JPEG
PDF
XML
Data

For Your Bigger Clients…
Large Number of Parties
Heavy Data Size
Huge number of entries
Innumerable Stock Items

Tally.ERP 9
Inventory Management

Quiz Round 1
• How many classifications can one item have in Tally?
• In Tally maximum how many units can one item have?
• How many different Bill of Materials can we define for
an item in Tally?

Tally.ERP 9 – Stock Item Creation

Tally.ERP 9 - Inventory management
 Inventory management
Enhances inventory management by providing; be it on
stock status, item wise profitability or movement of
items.

Tally.ERP 9 - Profitability analysis
 Profitability analysis
Provides product-wise and invoice-wise profitability. This helps
you identify products with high and low margins.

Tally.ERP 9 - Stock ageing (Dead Inventory)
 Stock ageing
Identify stocks based on age, helping you to dispose off
old stock quickly.

Tally.ERP 9 – Flexible units of measure
 Flexible units of
measure
Helps in tracking stock, even when you buy in tons and
sell in kilograms or buy in crates and sell in pieces.

Tally.ERP 9 – Multi-location warehouse
 Multi-location
warehouse management
Helps you track stock movement, allowing you to decide
which warehouse to ship from depending on stock position.

Tally.ERP 9 – Multiple price levels
 Multiple price levels
Allows you to pre-define item rates for specific categories
of customers, enabling faster and error-free invoicing and
data entry.

Quiz Round 2
• How many valuation methods are there in Tally?
• How many sets of mailing details can be entered in
Tally for one party?
• How many levels of classifications can there be in cost
centers in Tally?

Tally.ERP 9 – Auditors’ Edition
Statutory Audit

Data Analysis and Auditing
Verification of Chart of Accounts Verification of Balances
Comparison of Closing Trial balance of 2 Years General Ledger Review
• Ledgers Used Only in Current Year
• Ledgers Not Used
• Ledgers with Opening Balances and No
Transactions
• Accounts Squared Off during the Year
• Comparison of 2 years Data with
variance analysis
• Comparison of Previous Year Closing
Balance with Current Year Opening
Balance
• Cash book Analysis-violation of Sec
40A(3) and Negative Cash balance
Analytical Procedures Periodic Payments and Receipts
Ratio Analysis Checking for Year End Provisions & Prepaid
• Comparison of Groups, Ledgers, Cost
Centre's
• Checking for Outstanding Provisions
• Multiple Comparisons
• Account for Prepaid expenditures

Fraud Analysis and Techniques
Repeated Transactions Relative Size Factor
Identification of Duplicate Transactions Forensic Audit with CAAT Tool
• Same Party, Same Date, Different
Amount
• Same Date, Same Amount, Different
Party
• Same Party, Same Amount, Different
Date
• Abnormal amounts in Ledgers
• Out of Place Transactions
• Wrong Treatment of Capital and
Revenue Transactions
Cash Withdrawals and Receipts Transactions on Holidays
Irregularities in Cash Deposits and Withdrawals Irregularities in Books of Accounts
• Mismatch in Bank Date and Voucher
Date for Deposits
• Mismatch in Bank Date and Voucher
Date for Withdrawals
• Transactions entered on Weekly Holiday
• Transactions entered on Public Holidays

Audit Documentation
Audit Program Audit Working Paper
Documentation for Peer Review Audit Trail
• Audit Program with Check List
• Roles and Responsibilities of Articles and
Audit staff
• Verification and Review
• Audit Trial of Alterations
• At Ledger & Voucher Level
• Identification of Login _id with Date and
Time
Accounting Standards Check List (AS) Standards on Auditing Check List(SA)
Listing of All Accounting Standards Listing of All Auditing & Assurance Standards
• Check List of All Accounting Standards
• Checklist of All Auditing Standards
• Applicability
• Applicability
• Whether Complied or Not
• Whether Complied or Not
• Remarks
• Remarks

Vouching & Other Compliances
Sampling Methods Related Party Transactions
Sampling – Voucher Type/Ledger/Group Identification & Reporting of Related Party
Transactions( AS18)
• Amount Range
• Benford Analysis
• Specific Period
• Specific Vouchers
• Facility to Identifying Related Parties
during Audit and vouching the
transactions
• Review and Reporting of Transactions
Forex Transactions Audit File
Review of Forex Transactions(AS11) Segregation of Audit Data and Business Data
• Review on Effects of Changes in Foreign
Exchange Rates for outstanding
Transactions enables passing of Casting
Entry
• Facility to detach Audit Data after
completion of Audit
• Confidentiality of Audit observation
maintained

Schedule VI and Audit Journals
Schedule VI-Financial Statements Audit Journals
Balance Sheet and Profit & Loss Account Appropriation Entries
• Regroup Ledgers as per
Schedule VI requirements
• Print with Signatories to
Balance Sheet
• Export to Excel
• Appropriation of Profits
• Segregation of Prior Period
Items
44AB Tax Audit Form 3CD
Audit of 7 Major Clauses having Annexures Form and Data availability
• Audit of Clause-17(h), 18, 21, 24(a), 24(b)
and 27
• Data saved in your Data Folder
• Facility to copy previous years data
• Form 3CA, 3CB,3CD with Print facility

Quiz Round 3
• How many companies can be compared simultaneously
while auditing in Tally?
• How many sampling methods are available for an
auditor in Tally?
• In audit working paper, how many groups is the
information captured in?

Tally.ERP 9 help a business stay connected
While Traveling
From Home
From Cyber Cafe
From Client Place
Office
Data Centre
Access to information from anywhere

Our Support
• support@tallysolutions.com
• Online Chat
• Dial a Tally Expert, visit www.tallysolutions.com
• Support center within Tally.ERP9
• Help file within Tally.ERP9
• Tally Customer Care 1800-425-8859 / 1800-22-8859

Tally Partner : Usha Infotech
USHA INFOTECH
Athourised Sales, Service & Integrator Partner
Office Address:
104, 1st floor, DDA Market,
C Block Community Center,
Janakpuri, New Delhi- 110058
O: +91 - 11 - 25573240
M: +91 - 11 – 9911211644
Email:info@ushainfotech.com
sales@ushainfotech.com
tally@ushainfotech.com

Usha infotech - Stock Inventory Management & Audit Tools for CA Study Circle

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