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TALLY ERP 9 BALANCE SHEET DIFFERENCE

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sayad

Executive

207 Points Posted on 12 July 2022

I WORK ON TALLY FOR OUR ACCOUNTING . I HAVE NOTED THIS FY 2022-23 THE BALANCE IN BALANCE SHEET SHOWS SOME DIFFERENCE OF LAST YEAR 2021-22 AND THE DIFFERENCE IS BIG

I WANT TO REMOVE THIS OR NULLIFY THIS IS CURRENT YEAR BALANCE SHEET AS I UNDERSTAND IT WAS CARRIED FORWARD FROM LAST YEAR .

ANY SUGGESTIONS FROM EXPERTS PLS

Replies (4)

Quick Summary

This discussion addresses a significant difference found in the Tally ERP 9 balance sheet for FY 2022-23 compared to the previous year. Experts advise that the difference cannot simply be removed or nullified. Instead, the previous year's balance sheet must be thoroughly checked to identify the source of the error, potentially through an audit, before correctly carrying forward the opening balances to the current year. Checking the opening capital balance is also suggested as a key area to investigate.

prasad Nilugal

GST Practitioner & Accounts

15150 Points Posted on 12 July 2022

You have to Tally Last year balance sheet first ,find out the difference ( get it audited ) and then carry forward opening balances in the current year balance sheet. ( you Can not remove or nullify, find out the difference which was wrongly carried forward)