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frappe / erpnext

Free and Open Source Enterprise Resource Planning (ERP)
https://erpnext.com
GNU General Public License v3.0
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Schedule VI Balance Sheet #28226

Open harshit-30 opened 3 years ago

harshit-30 commented 3 years ago

Problem Statement

Schedule VI was a requirement for many years as per company law but this has changed to Schedule III now. 

But Schedule VI is a good way to view the Balance Sheet and would definitely give an edge if the ERP can throw up the Balance Sheet in Schedule VI/III format. This would help the entity using the ERP to skip one level of generating the TB and then doing the Schedule VI/III in xl.

Basically, all entities have to prepare the Sch VI/III format of financials for audit and sign off. So what we generally do is take the TB in XL and come up with a mapping to the Sch VI/III format in XL. Hence if the system itself can do this mapping and generate the Sch VI/III balance sheet, P&L and schedules it would be a major value add.

grynn-in commented 3 years ago

Is it a country specific request? Would be great to tag it as such as well!

DaiyaAkshay commented 9 months ago

Hi, any update on this request. I really need this Schedule VI/III feature for one of my clients.