Configuring the Balance Sheet

To view additional information in the Balance Sheet, you may configure the Balance Sheet in the manner as shown:

Go to Gateway of Tally > F12: Configuration > General

 

Set Use accounting terminology of to India/SAARC or International under the Country Details to Yes.

If you have activated India/SAARC, the Balance Sheet will display Sources of Funds and Application of Funds. And if you have activated International the Balance Sheet will display Assets and Liabilities

Show Vertical Balance Sheet

By default, the Balance Sheet screen is displayed in the Horizontal form. However, you may configure the Balance Sheet to appear in Vertical form, by pressing F12: Configure and set Show Vertical Balance Sheet to Yes.

 

Accept to Save

The Balance Sheet in Vertical form appears as shown :

 

Profit or Loss, both as Liability?

Set this to No, to move the Profit & Loss Account to the Asset side of the Balance Sheet.

Note: The Profit or Loss, both as Liability option is available in horizontal form.

Show Percentages?

To view balance sheet with percentage column

The resultant balance sheet is displayed as shown.

Each line is expressed as a percentage of the total in the Balance Sheet.

Show Working Capital figures?

Using this option, you can set Balance Sheet to show working capital values. Working capital is the difference between current assets and current liabilities.

Set Show Working Capital figures to Yes, to display Current Assets, less Current Liabilities as shown.

 

The Balance Sheet with working capital figures is displayed as shown:

Method of Showing the Balance Sheet

The options are

Format of the Balance Sheet:

For Horizontal Balance Sheet: Left Hand Side/Right Hand Side

For Vertical Balance Sheet: Top/Bottom.

Columnar Balance Sheets

Select a Balance Sheet for a different date to compare alongside the current one

Press New Column on the Button bar or ALT+C and change the period.

 

The following is a comparison between Balance Sheet dated 1st July and Balance Sheet dated 15th July.

 

Press New Column on the button bars or ALT+C and change only the currency to display the Balance Sheet with figures in a different currency.

 

 

The following is a comparison of the Balance Sheet dated 15th July based on different currency.

Show Quarterly Balance Sheet

To view a Quarterly Balance Sheet

The quarterly balance sheet will be displayed as shown.