Smart financial statements for non-corporates with TallyPrime
TallyPrime helps non-corporate entitiesâsuch as sole proprietors, partnership firms, LLPs, professionals, NGOs, and trustsâprepare clear, compliant, and decision-ready financial statements without complex accounting effort.
What âSmartâ Means in TallyPrime
Smart financial statements are:
Accurate & real-time â auto-updated from daily entries
Compliant â aligned with Indian accounting and tax norms
Customizable â tailored to the needs of non-corporates
Insight-driven â not just reports, but analysis
Key Financial Statements You Get
For non-corporates, TallyPrime generates:
Balance Sheet â assets, liabilities, capital
Income & Expenditure / Profit & Loss Account
Receipts & Payments Account
Cash & Bank Statements
Capital Account & Partnerâs Capital (for firms)
GST, TDS, and other statutory reports
All reports are available instantly and update as soon as you record a transaction.
Smart Features in TallyPrime
1. Simple Data Entry â Powerful Reports
Voucher-based entry (Payment, Receipt, Journal, Sales, Purchase)
No need to âprepareâ statements separately
2. Configurable Reports for Non-Corporates
Group-wise income & expense analysis
Fund-wise reporting (useful for NGOs & trusts)
Partner-wise or project-wise profitability
3. Compliance-Ready
GST-ready financials
TDS expense tracking
Audit-friendly formats
4. Better Decision Making
Period comparison (Monthly / Quarterly / Yearly)
Drill-down from summary to voucher level
Cash flow & fund flow visibility
Who Benefits the Most?
Small business owners â quick view of profit & cash position
Professionals (CA, doctors, consultants)Â â income vs expense clarity
Partnership firms â partner capital & drawings tracking
NGOs & trusts â receipts & payments + income & expenditure reports
















