![]() ![]() ![]() Now, starting from 1st April 2023, companies will have to maintain an audit trail for all transactions as per the guidelines issued by MCA. The mandate to maintain an edit log in accounting software was initially planned for April, 2022, but it was deferred. To give a background, the Ministry of Corporate Affairs (MCA) issued a notification that seeks to bring the audit trail rule in accounting software. MCA’s audit trail requirement in accounting software What’s more? You can easily track the modified transaction from reports and get to know the modified elements by comparing them quickly with a previous version. Not just transactions, you can track the changes made for accounting ledgers, accounting groups and stock item masters. ![]() You can also know the user's name who initiated the change and track the deleted transaction. TallyPrime’s edit log feature helps you maintain the edit logs, for each transaction along with the date & time of each change. How to manage audit trail in TallyPrime?.MCA’s audit trail requirement in accounting software. ![]()
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