Our Features

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End to end automation

  • No need to know excel to prepare financial statements.
  • End to end automation for preparation of financial statements and financial reporting’s under the Companies Act 2013.
  • Just copy the trial balance from excel file and paste into the system.
  • Various control checks in additional information.
  • Once all the items are mapped Balance Sheet and Cash Flow are always tallied.
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Complete set of Annual Report in one go

  • Balance Sheet
  • Profit & Loss Statement
  • Cash Flow Statement
  • Accounting Policies
  • Additional Notes
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Great tool for audit and reviews

  • Regrouping checklist.
  • Audit checklists - standard and user defined.
  • Variance analysis.
  • Review checkboxes and place to insert comments against each item.
  • Supporting documents are stored in the system itself, so readily available for reference.
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Data Consistency

  • Through automation and seamless carry forward process.
  • Previous years numbers cannot be changed.
  • No manual adjustment possible, every adjustment through proper “Adjustment Voucher”.
  • Various control checks.
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Standardization

  • Very limited user discretion and standardization across the clients.
  • No need to remember the formats or provisions.
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Locking

  • System can be locked so that no changes can be made
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Single file

  • All the supporting documents, review and comments are stored in a single file for each financial year. No need to save backup working papers, statements etc to be stored separately.
  • Attach files against each item
  • Insert comments against each item

Work Process

How it works

How to Install

Questions? We have Answers

Frequently Asked Questions

What does ReportingBuddy do?

ReportingBuddy has automated the process of preparing various financial reporting by companies.

What all reports are prepared by ReportingBuddy?

ReportingBuddy prepares following reports:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Accounting policies
  • Additional notes forming part of financial statements

Do I need to know excel to prepare financial statements on ReportingBuddy?

No, you don’t need to know excel to prepare financial statements on ReportingBuddy. What you need to know is, how to copy and paste in excel and nothing more than that. Once you have entered the trial balance in the ReportingBuddy either by copying from an excel file or by importing from an excel file, rest all of the calculations are done by the software itself.

What are the steps to prepare various reports in ReportingBuddy?

Following steps are involved in preparing various reports in ReportingBuddy:

  • Enter basic details
  • Import Trial Balance(s)
  • Map Ledgers to Notes
  • Update Fixed Assets form
  • Enter details of additional notes
  • Enter Accounting Policies

Does ReportingBuddy prepare financial statements as per Companies Act?

Yes, ReportingBuddy prepares financial statements as per Schedule III (Division I) of the Companies Act.

How much ReportingBuddy does cost?

At present ReportingBuddy is free. Its license has expiry date which depends on the date of installation of it.

What are system requirements for installing ReportingBuddy?

Windows PC: 1 GHz computer with 256 MB of RAM running Windows XP or later.

Is ReportingBuddy desktop software or online software?

At present ReportingBuddy is desktop software. Web enabled online version ReportingBuddy is under development.

Is ReportingBuddy multi user software?

Yes, ReportingBuddy is multi user software.

Contact Us

Interested in ReportingBuddy?

Please fill the form below and our team will get in touch with you to understand your requirements and help you in obtaining the Licensed version of your ReportingBuddy.