How to prepare NCE statements in AutoFS

Five steps from Trial Balance to issued pack — the same names as the product, for CA firms handling many Non-Corporate Entity clients.

Create account Talk to team

01Step 01

Import Trial Balance

Start a pull in AutoFS and the Chrome extension connects to Tally Prime on the user's computer. The selected Trial Balance and ledger data are sent to the chosen financial year; Excel or CSV remains an alternate upload path. AutoFS normalises the rows and checks Dr = Cr before grouping begins. A client's first year needs no prior data — last year's figures can be typed against the same Guidance Note heads.

Chrome extension talks to Tally Prime on your own machine — no server install, no stored Tally credentials.
Excel or CSV remains an alternate path for the same engagement year.
Dr = Cr is checked before grouping starts; exceptions stay visible.
A first year on AutoFS can take last year's figures typed from the signed statements.

Open this stage

Import Trial Balance — Sharma Trading Co sampleSample data

STEP 02 — GROUP LEDGERS

Group Ledgers

AutoFS proposes Guidance Note reporting heads from the imported ledger names and prior firm decisions. A person reviews the grouping, resolves exceptions and approves every non-zero ledger. Running Balance Sheet and Profit & Loss totals sit beside the ledger list while the work is in progress.

Suggested Guidance Note heads come from ledger names and prior firm decisions.
Every non-zero ledger waits for a person — a suggestion is not a conclusion.
Ungrouped and review items stay in a visible queue.
Running Balance Sheet and Profit & Loss totals sit beside the list as you work.

Open this stage

Step 02 of 05 · Group LedgersGroup Ledgers

Sharma Trading Co · Partnership · FY 2024-25

Ledger	Tally Group	Dr	Cr	Status	Head
Cash in Hand	Cash-in-Hand	35,000	—	Grouped	Cash and cash equivalents
Sundry Debtors	Sundry Debtors	24,00,000	—	Grouped	Trade receivables
Rent Paid	Indirect Expenses	7,20,000	—	Needs review	Needs review
Capital A/c - Rajesh Sharma	Capital Account	—	30,00,000	Grouped	Partners' capital

Dr = Cr ₹3,34,33,000 · Ties1 Import2 Group Ledgers3 Statements

Group Ledgers table — Sharma Trading Co sampleSample data

STEP 03 — FINANCIAL STATEMENTS

Financial Statements

The approved grouping drives the Balance Sheet, Profit & Loss and cash flow in ICAI Guidance Note order, with current-year figures beside comparatives. Note numbers on the face point at the matching schedules. Drafts stay watermarked until review clears.

Balance Sheet, Profit & Loss and cash flow follow ICAI Guidance Note order.
Current-year figures sit beside comparatives on the face of the statements.
Note numbers on the face point at the matching schedules.
Drafts stay watermarked until review clears.

Open this stage

Step 03 of 05 · Financial StatementsBalance Sheet

Sharma Trading Co · Partnership · FY 2024-25

Note	Particulars	31 Mar 2025	31 Mar 2024
	Sources of funds
3	Partners' capital	50,00,000	—
7	Trade payables	14,50,000	—
	Application of funds
4	Property, plant and equipment	45,00,000	—
8	Trade receivables	24,00,000	—

Guidance Note order · first year on AutoFS2 Group3 Statements4 Notes

Balance Sheet face — Sharma Trading Co sample, first yearSample data

STEP 04 — NOTES & POLICIES

Notes & Policies

The approved grouping drives the automation: capital movements, the fixed asset register, ageing and the other registers derive from the Trial Balance, and the engine drafts the notes and accounting policies they support. The preparer corrects and concludes instead of typing schedules.

Capital movements, ageing and other registers derive from the grouped Trial Balance.
Fixed assets follow Income-tax block rates, the 180-day rule and section 50(2) block cessation.
Accounting policies are selected and tailored inside the product.
Assertions no ledger can answer — such as MSMED / 43B(h) — stay required fields.

Open this stage

Notes & Policies — derived schedules on the sample fileSample data

STEP 05 — REVIEW & ISSUE

Review & Issue

The reviewer checks the grouping, working papers, notes, disclosures and release blockers. Queries are assigned, answered and resolved. After the firm completes its professional process, an authorised user records the UDIN obtained outside AutoFS, the financial year is locked and the package is bound to its evidence and audit history.

Reviewers raise, assign and resolve points before the year can lock.
Release blockers stay visible — nothing locks with an open question.
AutoFS records a user-obtained UDIN; it does not generate or verify UDIN.
The issued Excel and PDF pack is bound to its evidence and audit history.

Open this stage

Review & Issue — checker view on the sample yearSample data

Run it against an engagement you already know

AutoFS prepares; your firm approves, signs and records any UDIN obtained outside the product. AutoFS does not generate or verify UDIN.

Create account Talk to team

Eligible Non-Corporate Entities only. Chrome extension pulls are user-started and local.

How to prepare NCE statements in AutoFS

Five steps from Trial Balance to issued pack — the same names as the product, for CA firms handling many Non-Corporate Entity clients.

Create account Talk to team

01Step 01

Import Trial Balance

Chrome extension talks to Tally Prime on your own machine — no server install, no stored Tally credentials.
Excel or CSV remains an alternate path for the same engagement year.
Dr = Cr is checked before grouping starts; exceptions stay visible.
A first year on AutoFS can take last year's figures typed from the signed statements.

Open this stage

Import Trial Balance — Sharma Trading Co sampleSample data

STEP 02 — GROUP LEDGERS

Group Ledgers

Suggested Guidance Note heads come from ledger names and prior firm decisions.
Every non-zero ledger waits for a person — a suggestion is not a conclusion.
Ungrouped and review items stay in a visible queue.
Running Balance Sheet and Profit & Loss totals sit beside the list as you work.

Open this stage

Step 02 of 05 · Group LedgersGroup Ledgers

Sharma Trading Co · Partnership · FY 2024-25

Ledger	Tally Group	Dr	Cr	Status	Head
Cash in Hand	Cash-in-Hand	35,000	—	Grouped	Cash and cash equivalents
Sundry Debtors	Sundry Debtors	24,00,000	—	Grouped	Trade receivables
Rent Paid	Indirect Expenses	7,20,000	—	Needs review	Needs review
Capital A/c - Rajesh Sharma	Capital Account	—	30,00,000	Grouped	Partners' capital

Dr = Cr ₹3,34,33,000 · Ties1 Import2 Group Ledgers3 Statements

Group Ledgers table — Sharma Trading Co sampleSample data

STEP 03 — FINANCIAL STATEMENTS

Financial Statements

Balance Sheet, Profit & Loss and cash flow follow ICAI Guidance Note order.
Current-year figures sit beside comparatives on the face of the statements.
Note numbers on the face point at the matching schedules.
Drafts stay watermarked until review clears.

Open this stage

Step 03 of 05 · Financial StatementsBalance Sheet

Sharma Trading Co · Partnership · FY 2024-25

Note	Particulars	31 Mar 2025	31 Mar 2024
	Sources of funds
3	Partners' capital	50,00,000	—
7	Trade payables	14,50,000	—
	Application of funds
4	Property, plant and equipment	45,00,000	—
8	Trade receivables	24,00,000	—

Guidance Note order · first year on AutoFS2 Group3 Statements4 Notes

Balance Sheet face — Sharma Trading Co sample, first yearSample data

STEP 04 — NOTES & POLICIES

Notes & Policies

Capital movements, ageing and other registers derive from the grouped Trial Balance.
Fixed assets follow Income-tax block rates, the 180-day rule and section 50(2) block cessation.
Accounting policies are selected and tailored inside the product.
Assertions no ledger can answer — such as MSMED / 43B(h) — stay required fields.

Open this stage

Notes & Policies — derived schedules on the sample fileSample data

STEP 05 — REVIEW & ISSUE

Review & Issue

Reviewers raise, assign and resolve points before the year can lock.
Release blockers stay visible — nothing locks with an open question.
AutoFS records a user-obtained UDIN; it does not generate or verify UDIN.
The issued Excel and PDF pack is bound to its evidence and audit history.

Open this stage

Review & Issue — checker view on the sample yearSample data

Run it against an engagement you already know

AutoFS prepares; your firm approves, signs and records any UDIN obtained outside the product. AutoFS does not generate or verify UDIN.

Create account Talk to team

Eligible Non-Corporate Entities only. Chrome extension pulls are user-started and local.

How It Works — ICAI Guidance Note statements in five steps · AutoFS