If you’re preparing financial statements for non-corporate entities – whether a partnership firm, a sole proprietorship, or a trust – you’ve probably faced the chaos of building Notes to Accounts manually. especially according to the Guidance Note on Financial Statements of Non-Corporate Entities.
From classifying ledgers under ICAI heads and subheads, to formatting tables that pass scrutiny (or just look clean), it’s a lot of copy-paste and Ctrl+Z.
EazyAccounts basically a Balance Sheet builder based on Trial Balance Input, was built for exactly this.
A smart, Excel-based tool designed to simplify and automate ICAI-compliant reporting for non-corporate entities (Level I, II, III, IV) — including dynamic Notes to Accounts, Cash Flow Statement that you control.
Understanding ICAI Guidelines for Non-Corporates
ICAI classifies non-corporate entities into 4 levels, each with different compliance needs:
| Level | Based On Mainly | Notes to Accounts |
|---|---|---|
| Level I | Turnover > ₹250 Cr or Borrowings > ₹50 Cr | Full disclosure required |
| Level II | ₹50–₹250 Cr turnover or Borrowings > ₹ 10 Cr | Simplified allowed |
| Level III | ₹10–₹50 Cr turnover or Borrowings > ₹ 2 Cr | Some Exemptions Allowed |
| Level IV | Other than above | Basic disclosure sufficient |
Your reporting must reflect this — with correct grouping, classification, and comparative disclosure, particularly in Notes to Accounts.
Balance Sheet Builder Built for This Exact Use-Case
Here’s how EazyAccounts Non-Corporate Accounting Tool makes Financial Report Presentation simple and customizable, fully comply with Guidance Note on Financial Statements of Non-Corporate Entities:
1. Generate Notes Your Way – Detailed or Summarized
Detailed Notes Generator
- Every ledger entry is shown as-is
- Ideal for Level I entities, bank submissions, or audit-facing reports
- Full transparency, ledger by ledger
Summarized Notes Generator
- Automatically groups entries under ICAI-prescribed Natures and Sub-Natures
- Clean and readable for any level of entities
- Use this when compliance allows for simplification
You decide the depth of Financial Report need – not the Tool itself.
2. Capital & PPE — Separated for Accuracy, Controlled by You
In most tools, PPE and Capital are pulled from the Trial Balance — which sounds good until you realize:
- Sales & purchases need manual cleanup
- Depreciation breaks the format
- Disclosures don’t match your actual working
So we fixed it.
In EazyAccounts Non-Corp Accounting Tool:
- Capital & PPE are managed in dedicated static sheets
- You enter actual capital movements, drawings, retained profits, reserves
- Choose WDV or Gross Block method for Fixed Assets
- Adjust for sales, additions, depreciation — on your own terms
No TB manipulation, no math gymnastics. Just clear control.
3. Mapped to ICAI Heads — Not Just Generic Groupings
Every ledger in the Trial Balance is tagged with:
- Nature (Asset, Liability, Income, Expense)
- Primary Nature (like Fixed Assets, Current Liabilities)
- Sub-Nature (like Loans, Payables, Receivables)
- ICAI-Compliant Head (as per their guideline)
This ensures:
- Your Notes match ICAI’s disclosure structure
- No confusion during audit or review
- You can switch formats without regrouping anything
4. Validation + Interface That Gets Out of Your Way
Other tools give you menus. We give you peace of mind:
- Validate Button flags missing classifications and mismatches
- Switch Years in One Click (3-year data support)
- Backup – no need to copy the full file, Just save a LightWeight Backup File
- Restore from Backup – Just Click on Restore and Select the Light Weight backup File, no need to save individual Excel File for Every Clients
- TB Template – Save Trial Balance Template for Same Type of Clients and use it later, no mapping for all
- Common Settings – Set your preference how the tool will behave and save some recurring details
- Export Financial – Export Full Financial Report at one go as per your desired order and preference
- Minimal Excel Ribbon – focus only on what you need
- Clean UI with dropdowns, controlled access, and visual simplicity
Why This Matters
Manually preparing ICAI-compliant Notes and Full Financial Statement as per Guidance Note for every client – across three financial years – is slow, error-prone, and frustrating. Especially when:
- Capital disclosures never match your TB
- PPE schedules need to be adjusted post-export
- You repeat the same mappings for every client
EazyAccounts solves this without breaking your workflow.
Whether it’s for a ₹75 lakh turnover client or ₹75 crore — the logic stays smart, and the control stays with you.
Try EazyAccounts – Free for 5 Days
You can try the tool, risk-free — with:
- No Payment Promise Needed
- Just open the file, Provide minimal details and you’re ready to work
Click Here to Try Eazy Accounts Non-Corp Accounting Tool (Balance Sheet Builder)
For further information, assistance, or clarification regarding the use of this tool, please feel free to contact Eazy Accounts. Our team will be happy to address your queries, provide technical guidance, and ensure you get the best possible experience. You can Reach Us via email or by phone or WhatsApp during regular business hours.