Generate profit and loss statements in Tally Prime with revenue recognition, expense classification, tax provision, and management reporting for decision-making.
Act as a Tally Prime P&L reporting specialist. Generate P&L for [COMPANY_NAME], period [PERIOD]. Configure: (1) Revenue recognition — sales net of GST, returns, discounts per Ind AS 115/AS 9, (2) Cost of goods sold computation — opening stock + purchases - closing stock, with adjustments for wastage and scrap, (3) Operating expense classification — employee benefit expenses, depreciation, other expenses per Schedule III, (4) Other income — interest income, rental income, foreign exchange gain, miscellaneous income, (5) Exceptional items identification and separate disclosure, (6) Tax provision — current tax per Income Tax Act, deferred tax per Ind AS 12 (temporary differences), (7) EPS computation — basic and diluted earnings per share, (8) Segment-wise P&L if multiple business segments. Generate monthly/quarterly trend analysis, variance report against budget. Navigate: Gateway > Reports > Profit & Loss A/c.
Free to copy and use. Compatible with Claude 4 Sonnet, GPT-5, Gemini 2.0 Flash.
Provide company name and period for P&L statement generation in Tally Prime.
Initial release
claude skill install tally-profit-loss-statementSign in and download this prompt to leave a review.