Audit Trail from 1st April: Are you ready for the change? How to get Audit Trail in Tally

As per the MCA notification dated 31st March 2022, the requirement for accounting software that has an audit trail is applicable with effect from 1st April 2023.

Now this change was originally notified with effect from 1st April 2021, first differed to 1st April 2022, and then to 1st April 2023. Since it has already been deferred 2 times, there is high chance that it won’t be deferred now.

This big question is, “Are you ready for the change?”

Now Most of the Business use Tally to do their Accounting, this comes as a surprising fact that Tally provides the feature of Audit Trail.

How to set Audit Trail in Tally?

You need to have TallyPrime 2.1 and the feature of Audit Trail is available in this version.

Already have the Company’s data on Tally

Load the Data of the Company

Press Alt+K to Alter the Company’s Menu. First, you need to enable security features.

First, you need to enable security features. Need to provide Username and Password.

Now you need to Alter the features of the company. Here check yes on Security and Enable Tally Audit Features.

If the Security and Enable Tally Audit Features is not available, Press F12 for ‘Configure and Enable ‘Set Edit Log Applicability’ Next, Set ‘Enable Edit Log’ to ‘Yes’ in the company alteration screen.

Once Security and Enable Tally Audit Features are enabled, it gives a warning message that all the voucher numbering will be Automatic now on.

If you are a new Company

• If you are creating a new company, you can follow the steps from the F12 configuration onwards.