Balance Sheet Automation Tool

Balance Sheet Automation Tool is an Excel based fully automated tool which creates Balance Sheet, Profit and Loss Account and Schedules directly from Tally ERP 9/Tally Prime with a click of few buttons. ITR 3 & 5 Balance Sheet, P&L integrated with CompuTax, Winman & Spectrum. The tool has been updated as per Technical Guide issued by ICAI for non-corporate entities as well as for LLP in June, 2022.

Let your team Work from Home or any computer, no user or Computer restriction.

Key Features

  • Prepares ITR 3 & 5 Balance Sheet, Profit & Loss A/c, Trading/Manufacturing A/c
  • Import ITR 3 & 5 BS, P&L to CompuTax, Winman & Spectrum
  • Branch Consolidation of Accounts
  • Columnar Balance Sheet, P&L, Elimination Report
  • Import multiple tally companies into single excel file
  • 8 Colour Themes for entire Financials
  • Auto Grouping
  • Auto Page Setup

System Requirement

MS Excel 2010 or higher version or Office 365

Algorithm for Ledger Grouping

This uses algorithm to classify Direct Expenses, Indirect Income and Indirect Expenses to appropriate groups after reading the name of ledger.

This tool has been using small Excel based Artificial Intelligence , yet very effective algorithm to regroup negative balances of “Debtors” and “Creditors” to “Advance from Customers” and “Advance to Suppliers”.


  • Balance Sheet, Profit and Loss prepared for Tax Audit purpose (Individual and Partnership firm)
  • Submission of Financial Statement with Schedules

%d bloggers like this: