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Priont out compulsory for tally software


kollipara sundaraiah (B.com)     01 August 2020

kollipara sundaraiah
B.com 
 11 likes  650 points

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assess using tally software accounting maintained.
doubt:
at the end of finicial year printout accounting copys make a book compulsory and pdf format or back up copy better options.

avater

Sagar Patel (Tax and Business Consultant)     02 August 2020

Sagar Patel
Tax and Business Consultant 
 836 likes  9114 points

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Maintenance of Books of account in tally or other software is sufficient, There is no requirement to take printout of tally entry or account. You can keep back-up of tally for your future purpose.
You also have to maintain hard copy /soft copy duly authenticated file of all the supporting documents for entry made by you in tally,...like purchase bill, sale bill, bank statement, expenses bill/vouchers ect.

avater

sabyasachi mukherjee   03 August 2020

sabyasachi mukherjee

 141 likes  3888 points

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I Disagree with previous answer becoz he is ignorant of the audits...
I know there are ways to check trandactions in software.
especially all trails are being recorder especially in sap.


All closing entries and month end accruals are positively to be.maintained with proper backup.
all cash bank vouchers to be maintained seperately.
this is applicable for every software whether tally or sap...


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