Audit Tool
"Automated Tally Prime Auditing, Compliance & Financial Analysis in Seconds."
Why choose Audit Tool?
This tool provides a real-time, automated financial audit and compliance management system that connects directly to Tally Prime to detect ledger discrepancies, calculate depreciation, perform comparative P&L analysis, and post adjustment journal entries
- Executive Audit Dashboard.
- Fixed Assets Register & Depreciation Management.
- Sundry Creditors & Debtors Analysis.
- Advances, Loans & Liabilities Audit.
- Minor Balances & Automated Write-Off.
- Cash Book & Compliance Analysis.
- Comparative Profit & Loss Statement.
- Tally Prime Integration & Reporting Tools.
- Combined and Sectionwise Excel Report.
Software Screenshots
Key Features
Live KPI Cards
Displays real-time aggregate values for Fixed Assets WDV, total depreciation, abnormal party balances, minor balance candidates, negative cash days, and P&L net profit.
Income Tax WDV Calculations
Automatically calculates depreciation under Income Tax rules, separating additions used for > 180 days (100% rate) and < 180 days (50% restricted rate)
Automated JV Generation
Allows selecting candidate ledgers and posting round-off/write-off Journal Vouchers to Tally Prime in bulk.
Frequently Asked Questions
Most frequent questions and answers
How does this tool connect to my Tally Prime data?
The tool connects directly to your active Tally Prime instance using a local Tally Connector service via ODBC and XML interfaces. As long as Tally Prime is open with your company loaded, the tool dynamically fetches live ledgers, voucher entries, and financial statements with a single click.
How is Depreciation calculated in the Fixed Assets Register?
Depreciation is calculated according to Indian Income Tax rules on a Written Down Value (WDV) basis. The tool automatically categorizes asset additions made during the financial year into > 180 days (eligible for 100% of the prescribed depreciation rate) and < 180 days (restricted to 50% of the rate)
Can I post adjustment entries back into Tally Prime directly from the web interface?
Yes. The tool allows you to push Journal Vouchers directly into Tally Prime. You can post consolidated or individual depreciation entries, as well as bulk write-off Journal Vouchers for minor outstanding balances.
What compliance checks are performed during Cash Analysis?
Negative Cash Days: Scans daily running balances to flag any dates where the cash balance dipped below zero.
Section 40A(3) Compliance: Automatically detects and highlights single-day cash payments exceeding > {₹}10,000.
How are "Abnormal Balances" identified in Debtors and Creditors?
The system identifies abnormal balances by scanning closing ledger positions. It flags Sundry Creditors that carry a Debit balance and Sundry Debtors that carry a Credit balance, while excluding minor balances under your defined threshold to keep your audit focused.
Can I export reports to Excel or PDF for offline review?
Yes. You can export individual module reports or generate a consolidated multi-sheet Excel workbook covering all audit modules. Additionally, you can generate context-sensitive, printable PDF reports complete with date-wise transaction details.