Data Import from the New Financial Statement to the ITR Balance Sheet

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 the ITR Summary
  1. From the Dashboard, open the required Client Profile.
  2. Navigate to the ITR Summary section.
  3. Click Return Flow to proceed to the detailed return components.

Step 2: Open the Income Details Section
  1. In the ITR Summary, select the Business Profession Income head.



  2. This section displays income and financial details related to the client’s business or professional activities.

Step 3: Open the ITR Balance Sheet
Click on ITR Balance Sheet within the Business Profession Income section to open the Balance Sheet view.

Step 4: Initiate Data Import
  1. Inside the Balance Sheet screen, click on Import from Financial Statement.



  2. This option allows you to directly pull data from the Financial Statement module.

Step 5: Confirm the Import
  1. A confirmation dialog will appear. Click Yes to continue.



  2. The system will automatically import all relevant financial data into the ITR Balance Sheet.

Info
Import from Previous Year (Previous Year Data in New Financial Statement)
The Previous Year figures in the New Financial Statement are automatically retrieved from the last filed ITR.
  1. These values are shown only for reference and comparative analysis.
  2. They do not impact the current assessment year’s calculations, unless manually updated by the user.

By following the above steps, you can efficiently import financial data into the ITR Balance Sheet, ensuring accuracy, consistency, and faster ITR preparation within ExpressITR.

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