Accounts without the accountancy: P&L, balance sheet, cash and bank

What's included

• Profit & loss — sales, cost of goods sold with opening and closing stock, other income and expenses.
• Balance sheet, trial balance and chart of accounts — click any account to open its ledger.
• Cash & bank — cash in hand and each bank account, with transfers, owner's capital and drawings.
• Bank reconciliation — import your bank statement and tick off each line.
• Expenses — rent, salaries, power and more, with GST claimed as ITC where eligible.
• Staff attendance and payroll — salaries, advances and bonuses recorded as expenses.
• Export to Tally — the period's vouchers and ledgers as TallyPrime XML.

Frequently asked questions

Do I still need Tally?

Not to run the business: HextaBook gives you the P&L, balance sheet and GST reports. If your accountant keeps the books in TallyPrime, Export to Tally gives them a file to import with all the vouchers and ledgers.

How is stock valued in the profit and loss?

At each item's purchase price, the same way as the stock summary report.