View & Analyze Balance Sheet in TallyPrime: 5 Easy Steps

Here’s how to view and analyze the Balance Sheet in TallyPrime:

1. Accessing the Balance Sheet:

• Method 1:
  • Press Alt+G (Go To)
  • Type or select “Balance Sheet”
  • Press Enter
• Method 2:
  • Go to Gateway of Tally > Balance Sheet

2. Viewing the Balance Sheet:

• By default, the Balance Sheet displays horizontally with liabilities on the left and assets on the right.
• For a vertical view (Source and Application of funds), press Ctrl+H (Change View) and select “Vertical.”

3. Detailed View:

• Press Alt+F1 (Detailed) to view a more detailed breakdown of each account.
• Double-click on any account to drill down further into its details.

4. Analyzing the Balance Sheet:

• Key Ratios:
  • TallyPrime automatically calculates key financial ratios like Current Ratio, Quick Ratio, Debt-to-Equity Ratio, and more.
    View them under “Ratio Analysis” (Gateway of Tally > Ratio Analysis).
• Comparative Analysis:
  • Compare the Balance Sheet with previous periods or other companies to identify trends and financial performance.
  • To compare, go to Balance Sheet > press F5 (Compare with) and select the desired period or company.
• Customization:
  • Use F12 (Configure) to customize the Balance Sheet’s appearance and content, such as adding or removing columns, changing the date range, or filtering data.

5. Additional Tips while Viewing & Analyzing Balance Sheet in TallyPrime:

• Use the “Go To” feature (Alt+G) to quickly search and view any report in TallyPrime, including the Balance Sheet.
• Export the Balance Sheet to Excel or PDF for further analysis or sharing.
• Consider consulting with a financial expert for in-depth analysis and interpretation of the Balance Sheet.

Remember:

• Regularly review and analyze your Balance Sheet to gain insights into your company’s financial health, make informed decisions, and track progress towards financial goals.