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.

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