Financial Statements Feeding Process

ExpressITR || Financial Statements Feeding Process


Financial Statements Data Entry Process

Step 1: Access the Return Flow
  1. Log in to the client’s profile in Express ITR.
  2. Navigate to the ITR Summary section and select Return Flow to initiate the process.
      

Step 2: Navigate to the Business Profession Head
  1. Open the Business Profession Head section to proceed.
      

Step 3: Enter Business Information
  1. Click Add Business and provide the following details:
    1. Type of Business
    2. Business Name
    3. Nature of Business
    4. Trade Name
    5. Description
      
  1. After entering the details, click Done or press Esc to save the information.
Step 4: Populate Financial Statements
  1. Select Financial Statements and input the required annexures under Financial Statements Notes, such as:
    1. Capital Account
    2. Sundry Debtors
    3. Sundry Creditors
    4. Investments
    5. Inventory
    6. Short-Term Investments
    7. Bad Debts
      

Step 5: Add Income Details
  1. Open the specific account where data needs to be entered.
  2. Click the dropdown arrow and select the appropriate option.
  3. Use the (+) button to input income details.
      
      

Additional Notes: For other financial statements, such as the Manufacturing Account and Trading Account, follow the same steps outlined above.

We hope this guide enhances your workflow.

    • Related Articles

    • ExpressITR || Importing Data from the New Financial Statement to the ITR Balance Sheet

      This article provides a step-by-step guide on importing data from the Financial Statement module into the ITR Balance Sheet within ExpressITR. Following this process ensures accurate financial reporting and reduces manual data entry. Step 1: Access ...

    • ExpressITR || Inventory Details

      Process to Feed Inventory Details in Express ITR Step 1: Access Client Profile Log in to Express ITR. Open the client’s profile for whom inventory details need to be entered. Navigate to the ITR Summary section. Click on Return Flow to access the ...

    • ExpressITR || Steps to Preview and Download New Financial Statements

      This article explains the steps to view, preview, and download New Financial Statements for a client in Express ITR. These statements provide detailed insights into the client’s business or professional income as part of the ITR filing process. Step ...

    • ExpressITR || Process to Feed Intraday Trading Income

      Process to Feed Intraday Trading Income Follow the steps below to accurately feed intraday trading income in the system: Step 1: Access Client Profile Open the relevant client’s profile in the system. Navigate to the ITR Summary section. Click on the ...

    • ExpressITR || Process to Import 3CD Data in Business Profession Head

      Process to Import 3CD Data in Business Profession Head Follow the steps below to import 3CD data into the Business Profession Head: Step 1: Access Client Profile Log in to Express ITR and open the profile of the client whose audit details need to be ...