Nova Tally Audit Tool

Spend less time on reports. More time on insights.

Audit teams often spend more time generating reports than analysing them. As client lists grow, the manual workload piles up with zero room for error. Most of the time goes into repetitive data extraction instead of providing insights and valuable inputs.

Nova Tally Audit Tool on TallyPrime is designed to help professionals audit smarter and deliver faster. Built specifically to meet the auditing standards of ICAI, it brings automation and intelligence into your audit workflow, eliminating manual Excel grunt work and reducing audit turnaround time by up to 90%.

The Challenges Facing Audit Teams

Different Tally Setups: Every client uses TallyPrime differently. Chart of accounts, ledgers, and groupings vary widely, making standard one-size-fits-all tools ineffective.

Time-Consuming & Repetitive: Extracting, cleaning, formatting, and restructuring financial data takes hours or even days for every individual client file.

Same Reports Every Time: Generating identical sets of statutory reports across multiple client engagements leaves no room for manual shortcuts or errors.

Workarounds Take More Effort: Relying on manual formatting, Excel macros to regroup accounts, Schedule III preparation, and repeated data cleanup whenever Tally entries change creates massive overhead.

Focus Goes Off Track: Qualified auditors end up spending valuable hours troubleshooting Excel formulas, macros, and external BI tools instead of focusing on core audit analysis and risk appraisal.

The Solution: Intelligent Rule-Based Audit Engine

Pre-Configured Rule Engine: Operates on a robust rule-based engine with pre-configured rules for account groups, ledgers, sampling conditions, and monetary values.

Company-Level Reconfiguration: Reconfigure rules at the individual company level without impacting other clients or modifying original client ledger groupings.

Independent Account Grouping: Regroup ledgers to generate Schedule III and statutory audit statements while keeping the client original accounting data completely intact.

ICAI Compliance: Designed specifically to adhere to the auditing standards and reporting frameworks prescribed by the Institute of Chartered Accountants of India.

300+ Reports Generated with a Single Click

Nova Tally Audit Tool delivers single-click generation across a comprehensive suite of more than 300 audit ready reports:

The package includes 94 Exception Reports related to Profit & Loss, 189 Exception Reports related to Balance Sheet, full P&L Statements in Schedule III format, complete Balance Sheets in Schedule III format, along with 18 Notes Reports on Balance Sheet and 11 Notes Reports on Profit & Loss.

All reports cover Income, Expenses, Assets, Liabilities, Taxation, and Compliance Checklists directly from raw TallyPrime data.

Form 3CB & Form 3CD Tax Audit Reports

Form 3CB (Auditor's Report): Generate Form 3CA and Form 3CB reports along with compliance checklists and audit-ready disclosures directly from TallyPrime.

Form 3CD (Audit Report): Automated Form 3CD reporting along with 2 Annexures, 10 Schedules, and detailed clause-wise disclosures.

Audit-Ready Tax Compliance: Direct verification and extraction of tax audit particulars from Tally vouchers, eliminating manual data compilation.

Report Designer Power: Maximum Flexibility

Not Just a Rule Based Tool. A Report Designer Built for Auditors. Design and present audit reports exactly the way your client needs right within TallyPrime.

Design Your Own Report Formats: Create custom Schedule III Profit & Loss, Schedule III Balance Sheet, and Notes on P&L & Balance Sheet formats as per your client's specific reporting requirements.

Arrange & Rearrange with Ease: Add, remove, move, hide, rename, insert rows, change headings, and define custom formulas present your reports the way you want.

Auditor's Grouping, Your Way: Create Audit Grouping, Notes Grouping, and Report Grouping without affecting the existing Tally Chart of Accounts.

Save & Reuse Report Formats: Save custom report formats and layouts to reuse across multiple companies, clients, and financial years.

Your Client's Tally Structure Can Stay the Same. Your Audit Reports Don't Have To. Total flexibility to design, adjust, and present reports exactly the way you need.

Keep Your Data Safe: 100% Stays Local

Local Data. Total Control. Zero Compromise: Works 100% within TallyPrime on your local system your client's data stays with you.

No Cloud Uploads: No need to move data to cloud platforms or external servers. No uploads, no transfers.

No AI Risk: Eliminate the risk of data leakage or confidential client financial data being shared or used for training AI tools.

The Payoff: Less Routine, More Value

Designed to cut audit time by up to 90%, freeing up your audit team for high-value advisory, substantive analysis, and client growth while allowing professionals to reclaim valuable time for family, friends, and personal life.

Why Choose Nova Technosys?

Comprehensive ERP Solutions
Tailored for manufacturing, contractors, asset management, and more, with seamless Tally integration.
Expertise You Can Trust
25+ years of delivering robust, industry-specific ERP solutions for SMEs and enterprises.
24/7 Dedicated Support
Unmatched customer assistance, training, and guidance to ensure ERP success.

Solutions Features

Form 3CB & Form 3CD Tax Audit Reports
Automatically generates Form 3CA, Form 3CB, and Form 3CD audit reports along with 2 Annexures, 10 Schedules, and compliance checklists directly from TallyPrime.
Built-in Report Designer Tool
Design and customize Schedule III P&L, Balance Sheet, and Notes formats. Arrange, rearrange, insert rows, edit headings, and define custom formulas to match client needs.
Save & Reuse Report Templates
Save custom report designs, groupings, and audit layouts as reusable templates across multiple companies, clients, and financial years without repetitive setup.
100% Local Data & Total Privacy
Works 100% on your local system inside TallyPrime. Zero cloud uploads, zero data sharing, and zero risk of sensitive client financial data being used by AI models.
300+ Pre-Configured Audit Reports
Generates over 300 audit-ready reports covering Income, Expenses, Assets, Liabilities, Taxation, and Compliance Checklists with single-click bulk generation.
Schedule III Statements & 29 Notes
Automatically generates MCA and ICAI-compliant Schedule III Profit & Loss, Balance Sheet, 18 Balance Sheet Notes, and 11 P&L disclosure notes ready for filing.
283+ Exception & Sampling Reports
Includes 94 P&L and 189 Balance Sheet exception reports that instantly flag unusual fluctuations, negative balances, and critical audit exceptions.
Custom Sampling Engine
Configure flexible sampling rules and audit thresholds based on monetary limits, transaction frequency, ledger risk profile, and client-specific parameters.
Non-Destructive Custom Rule Engine
Reconfigure Audit Grouping, Notes Grouping, and Report Grouping at company level without modifying or affecting your client's original Tally Chart of Accounts.
Designed for ICAI Standards
Engineered specifically to adhere to ICAI auditing documentation, verification, and reporting frameworks for statutory and tax audit engagements.
Cut Turnaround Time by up to 90%
Eliminates repetitive data extraction, cleaning, and manual formatting, reducing days of compilation work to minutes so your team can focus on insights.
Zero External Tools or Macros
Works 100% natively inside TallyPrime without requiring Excel macros, Power BI, Python scripts, or complex technical dependencies.
One-Click Bulk Export
Export all generated audit reports, statements, schedules, and annexures to formatted Excel workbooks in a single click for fast filing and client delivery.

Product Related FAQs

  • How does Nova Tally Audit Tool help automate audits in TallyPrime?
    Nova Tally Audit Tool connects directly with your client Tally data, removing the need to export or clean data in Excel. With its configurable rule-based engine, auditors can define specific criteria for each client, apply sampling limits, and instantly generate over 300 audit-ready reports, Schedule III statements, and exception registers in minutes.
  • Does using Nova Tally Audit Tool alter the client original Tally data or groupings?
    No. Nova Tally Audit Tool operates on a non-destructive read architecture. You can reconfigure account groupings and audit presentation rules on a company-by-company basis for your audit pack without modifying the client underlying Tally masters or operational vouchers.
  • What types of Schedule III and exception reports are included?
    The tool generates 94 Profit & Loss exception reports, 189 Balance Sheet exception reports, Schedule III compliant P&L and Balance Sheet statements, along with 18 Balance Sheet Notes and 11 P&L disclosure notes ready for final audit filing.
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  • What Is Order Wise Sales Invoice Pending?

    Order Wise Sales Invoice Pending Is A View Of The Sales Invoices That Are Still Unpaid, Grouped By The Sales Order They Were Raised Against. Instead Of Seeing That A Customer Owes ₹8 Lakh In Total, You See That Order SO-1042 Has Two Invoices With ₹3 Lakh Unpaid, And Order SO-1051 Has One Invoice With ₹5 Lakh Unpaid. It Links Three Records That Tally Prime Keeps Separately: The Order, The Invoice, And The Receipt.

    Standard Tally Prime Shows Pending Sales Orders (what Is Yet To Be Delivered Or Invoiced) And Bill-wise Outstanding By Party. It Has No Native Report That Connects An Order To Its Invoices And Receipts And Shows The Unpaid Balance Per Order. This Matters Most When One Order Is Delivered In Parts, Billed In Several Invoices, And Paid In Instalments. Nova Tally Order Wise Receivables Adds That Report Inside Tally Prime, So The Order Number Becomes A Way To See Receivables, Not Only A Delivery Reference.

    In Short:

    • Receivables Shown Per Sales Order, Not Only Per Party Or Per Bill
    • Invoices, Part-deliveries And Receipts Linked To The Order That Created Them
    • Pending Amount Visible For Each Order At Any Date
  • What Are The Benefits Of Tracking Section 40A(3) Of The Income Tax Act On Tally Prime Using Nova Technosys' Customized Solution?

    Standard Tally Prime Records Each Payment Voucher Accurately, But It Does Not Total Cash Paid To The Same Party Across Vouchers On One Day, And It Does Not Warn You When The Limit Is About To Be Crossed. Most Businesses Find The Problem When The CA Prepares The Tax Audit Report, Where Cash Payments Above The Limit Are Reported. By Then The Expense Is Already At Risk Of Disallowance.

    Nova Technosys' Tally Prime 40-A(3) Compliance Module Closes This Gap While The Voucher Is Being Entered. It Adds Up Cash Payments Party-wise And Day-wise, Applies The ₹10,000 Limit (and The ₹35,000 Limit For Parties You Mark As Transport Operators), And Alerts The User Before A Payment Crosses The Threshold. A Disallowed Expense Is Added Back To Taxable Profit, So Every Avoided Breach Also Protects Working Capital That Would Otherwise Go To Extra Tax. Your Accountant Can Then Switch The Payment To A Banking Mode Or Split It Across Days, And Your CA Gets A Ready Report Instead Of A Manual Review. Confirm Rule 6DD Exceptions For Your Specific Transactions With Your Chartered Accountant.

  • What Is Section 40A(3) Of The Income Tax Act?

    Section 40A(3) Of The Income Tax Act, 1961 (Section 34(3) Under The Income-tax Act, 2025) Disallows A Business Expense In Full When A Payment Above ₹10,000 Is Made To One Person In A Single Day Otherwise Than By Account Payee Cheque, Account Payee Bank Draft, Or An Electronic Mode Through A Bank Account. The Limit Is ₹35,000 Per Person Per Day For Payments To Transport Operators For Plying, Hiring Or Leasing Goods Carriages. The Disallowance Applies To The Aggregate Paid To One Person In A Day, So Two Cash Payments Of ₹6,000 To The Same Vendor Are Caught Even Though Each Is Below The Limit. It Can Also Affect Purchases And, For Assets, Depreciation. Rule 6DD Lists The Exceptions, Such As Payments To Banks And The Government, And Payments In Certain Places Without Banking Facilities.

  • What Are The Benefits Of Tracking Section 269ST Of The Income Tax Act On Tally Prime Using Nova Technosys's Customized Solution?

    The Practical Problem Is That Standard Tally Prime Records Each Receipt Voucher On Its Own. It Does Not Natively Add Up Cash Received From The Same Party Across Multiple Vouchers On One Day, Or Across An Event, And It Does Not Stop Or Warn You When The ₹2 Lakh Line Is Crossed. Accountants Usually Find Out During Month-end Review Or A Departmental Query, When The Cash Is Already In The Till And The Penalty Exposure Already Exists.

    Nova Technosys' Tally Prime 269ST Compliance Module Closes That Gap Inside Tally. It Aggregates Cash Receipts Party-wise And Day-wise As Vouchers Are Entered, Flags A Receipt That Would Take The Total To ₹2 Lakh Or More, And Produces Reports That Show Which Parties Are Near The Limit And Which Entries Have Already Crossed It. Your Team Catches The Problem At The Time Of Entry, Avoids Accidental Over-receipts, And No Longer Has To Rebuild Cash Totals In Excel For Audits And Section 269ST Reviews. Please Confirm Exemptions And Event-based Aggregation With Your Chartered Accountant For Your Specific Case.

  • What Is Section 269ST Of The Income Tax Act?

    Section 269ST Of The Income Tax Act, 1961, Bars Any Person From Receiving ₹2 Lakh Or More In Cash In Any Of Three Situations: In Aggregate From One Person In A Single Day, In Respect Of A Single Transaction, Or In Respect Of Transactions Relating To One Event Or Occasion. A Breach Attracts A Penalty Under Section 271DA Equal To 100% Of The Cash Received, And The Penalty Falls On The Receiver, Not The Payer. Sales, Advances, Booking Amounts, Loan Recoveries And Settlement Of Old Dues All Count If They Come In As Cash. Government, Banking Companies, Post Office Savings Banks And Co-operative Banks Are Among The Exempted Categories.

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