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.
From classifying ledgers under ICAI heads, to formatting tables that pass scrutiny (or just look clean), it’s a lot of copy-paste and Ctrl+Z.
EazyAccounts 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 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.
⚙️ A Tool Built for This Exact Use-Case
Here’s how EazyAccounts (Non-Corporate Edition) makes ICAI compliance simple — and customizable:
🔹 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 — not the template.
🔹 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:
- 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)
- ✅ Auto Backup as .txt — no need to copy the full file
- ✅ 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 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 signup or Payment Needed
- Just open the file, Provide minimal details and you’re ready to work