Inserting and Renaming Heads In Schedule-VI Balance Sheet

 

Tally.ERP 9 provides users with the option to rename and insert Heads in the Schedule-VI Balance Sheet as per their business needs.

Renaming Heads

To rename Schedule VI Heads,

Go to Gateway of Tally > Audit & Compliance > Financial Statements > Balance Sheet

• Place the cursor on the Schedule VI Head that has to be renamed.

• Click on R: Rename Head or press Alt+R

The Change Display Name sub-screen appears:

• Type in the name to be given to the chosen Schedule VI Head

• Press Enter

• Press Enter or Y to Accept (save) the change

The Schedule VI Head appears renamed in the Schedule-VI Balance Sheet:

Inserting Heads

Users can insert Heads at lowest level of the hierarchy of Schedule VI Heads.

For e.g.: User will not be able to insert head at Current Assets (Schedule VI Head) level, but will be able to do it at Other Current Assets (Sub-head) level.

To insert a head in the Balance Sheet,

Go to Gateway of Tally > Audit & Compliance > Financial Statements > Balance Sheet

If, for instance, Interest Accrued on Investments has to be inserted under Other Current Assets,

• Place the cursor under the required Schedule VI sub-head (here, Other Current Assets) and click on Ctrl+I: Insert Head or press Ctrl+I

• The Create Schedule VI Head screen appears. Press Backspace to change the Head under which the new one has to be inserted

A List of Heads appears:

• Select the appropriate Head (here, Other Current Assets), and press Enter

• Type in the Name of the new head and press Enter

• Press Enter or Y to Accept (save) the new head

The newly inserted Head (Interest Accrued on Investments) appears classified under the chosen Head (Other Current Assets)

Deleting inserted Heads

To delete an inserted Head,

• Place the cursor on the (inserted) head

• Click on Ctrl+D: Delete Head or press Ctrl+D

• Press Enter or Y to delete the head

Note: Default Schedule VI Heads cannot be deleted. Also, Inserted Heads to which Tally Groups have been linked cannot be deleted.