Gen BAL

Pros: I use this software in my firm to prepare Profit and Loss statements and Notes to Accounts as per Schedule III and Schedule VI requirements. The software allows automatic preparation of the Balance Sheet, both with and without the Revised Schedule III format. It also provides depreciation computation as per the Income Tax Act and the Companies Act, along with preparation of the Fixed Asset Register. Additionally, I can easily import and export data through Excel, eliminating the need for manual data entry.

Cons: I have not experienced any drawbacks or dislikes while using this software.

Overall: Completely satisfied! Especially with its third-party integration tool that automatically syncs data with Tally, Miracle, Busy, and other accounting software.

Pros: After using the Gen Balance Sheet software for five years, I can easily generate my UDIN registration with it. I also use it to calculate ratios for multiple years and merge two trial balance files. I even prepared the company auditor’s report, CARO, IFCR, Notes to Accounts, Director’s Report, Representation Letter, Notice, Certificate of Confirmation, Balance Sheet as per Schedule III, and more. The working process of this software is very simple and manages all your tasks efficiently.

Cons: Prepare the Auditor Report and Tax Audit Forms 3CA, 3CB and 3CD

Overall: This software presents an excellent functionality and supports all types of businesses and individuals

Pros: I use this software to file to import my Tally data into the Gen Balance sheet software. Also, it can easily merge the two balance sheet data. The advanced features of this software are cash and fund flow, Form 15CA and 15CB, Form 16 and 16A, etc, with unlimited user access. I also remember that during the deadline period, I was very much depressed about how I failed, but thank you, support team, they resolved all of my queries immediately.

Cons: Advanced software for easy access by users and businesses

Overall: With a large or small company requirement, you can access it easily and save all your data on a desktop

Pros: Gen Balance Sheet is a widely used software for preparing balance sheets. For 10 years, I used this to simplify the process of preparing profit and loss statements, importing financial data from Busy and Tally. Additionally, after using this, it can generate cash flow statements, prepare audit documents, and calculate depreciation quickly and easily.

Cons: Generate the financial reports easily and on time for me

Overall: Best software for making a balance sheet, profit and loss statement and audit report, such as 3CA, 3CB and 3CD

Pros: As a CA, I file tax audit forms 3CA, 3CB, and 3CD, which can be easily submitted using the Gen Balance Sheet software. It also allows importing and exporting trial balance data with third-party tools like Busy, Excel, and Tally.

Cons: The cloud-based version is not available in this software

Overall: A trustworthy software for developing financial reports and audit return filings with minimal effort.

Pros: I used the Gen BAL software to import balance sheet data from third-party tools like Tally, MS Excel, and Busy. With its help, I can easily conduct a tax audit and file my company reports online without any hassle. It also saves all my data securely for future use.

Cons: The company should consider improving its user interface (UI)

Overall: The software efficiently generates my financial data and simplifies the process of completing audit returns

Pros: Easy to Prepare Profit & Loss and Accounts Notes
Facility of Fast Generation of UDIN Registration
Update Tax Audit Report
Merge Different Trial Balance
Calculation of Depreciation Chart
Prepare Trading Account in Column Format
Display Ratios for Multiple Years
Cash and Fund Flow
Import data from Tally, Ms-excel, Miracle, and Busy

Cons: The software does not have a Cloud Version for the taxpayers

Overall: Excellent software for me because I have been using it for many years. It is an impressive software for tax auditors who have a huge turnover and are also integrated with third-party software.

Pros: I have been utilizing the services of Gen Bal Software for several years now, and I must say it is one of the most reliable and widely used balance sheet preparation software available in the market. In my personal experience, it has proven to be an indispensable tool that simplifies the arduous task of balance sheet preparation. I highly recommend it to anyone seeking a seamless and efficient software solution for their balance sheet preparation needs.
Accounts Payable produced in compliance with Schedule III
The process of registering and creating a Unique Document Identification Number (UDIN)
Tax Audit Report
Preparation of trading accounts
Calculation of deferred tax
Preparing Cash Flow and Fund Flow Statements
Complete Audit Report

Cons: The Gen balance sheet software does not have cloud-based functionality. Additionally, I may need to manually make adjustments to accommodate periodic software updates.

Overall: Overall, my experience with the Gen Balance sheet software has been positive. It is a comprehensive tool that effectively accomplishes its objective.