Income Tax || Trial balance Import through Excel Template

How to Import Trial Balance Through Excel Template:

Preparing a trial balance through Excel involves organizing your financial data to ensure that all debits and credits balance. Here's a step-by-step guide to creating a trial balance in Excel:

Step 1:

Go to Transaction >> Balance Sheet >>Trial Balance:

Step 2:

Click on "Export" Button (To Export Excel Template) and then Save the Excel File on your Location.

Then Click on "Import Trial Balance":

Step 3:

Prepare Your Excel File

      Format Your Excel Sheet:

1. Ensure that your Excel sheet is properly formatted. Typically, it should include the following columns:
   
2. Sr. No.
   
3. Account Name
   
4. Group
   
5. Debit Amount
   
6. Credit Amount

The trial balance should be balanced, meaning total debits equal total credits.

Step 4:

Click on Import Trial Balance >> 

1. Import Selection >> Select "Excel".

2. Click on 3 Dots >> Select the "Template" Which is prepared.

3. Click on "Next" Button to import the Data.

Step 5:

Verify the Data and click on "Next" Button:

Step 6:

Match the Groups as per Income tax Primary Groups Available:

 

Step 7:

Now your data will be shown here:

Hope This Helps.

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