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MIS & statements

From the trial balance to the MIS and the bank file.

Close the month with a checklist and an MIS pack, draft the year's financial statements in Schedule III or the ICAI non-corporate format, prepare CMA data for a bank and forecast advance tax, all from the client's books and labelled as drafts for your review.

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Built forCAsCA firms
MIS · Kapoor Foods LLP · Oct 2026

Revenue

₹84.2 L

Gross margin

31%

Variances

4

Capabilities

What you can do with MIS & statements.

Month-end close

A checklist from bank imported to suspense cleared, with accrual and prepaid entries suggested for the month.

MIS pack

P&L by head against last month and the budget, the variances explained from the entries and a twelve-month trend, in Excel and PDF.

Commentary in English or Hindi

AI writes the commentary from the computed figures; with AI off you get a plain summary instead.

Financial statements

Schedule III Division I for companies or the ICAI format for others, with last year, a notes skeleton, ratios, ageing and the cash flow.

CMA data

Forms II to VI, MPBF, DSCR and interest cover from the actuals and your assumptions, with a narrative for the bank.

Advance tax forecast

Projected income and tax, TDS from 26AS and AIS, the instalments with 234B and 234C estimates, and a cash forecast.

Portfolio radar

See which clients moved this month.

For firms, the portfolio radar compares each client's margin, ITC ratio and cash with its own history and with the practice's other clients, and flags the same supplier invoice appearing in two clients' purchases. Peer comparisons show only a band, never another client's figures.

Portfolio radar · Oct 2026
  • Sharma TradersGross margin down from 22% to 9%Margin swing
  • Kapoor Foods LLPCash payments 2.4× the six-month averageCash spike
  • Iyer PharmaITC ratio within its usual rangeClear
How it works

How MIS & statements works.

  1. 1.

    Books in

    Trial balances and day books from uploads or the Tally connector, with budgets if the client keeps them.

  2. 2.

    Draft

    Run month-end close, statements, CMA or the forecast; each ends in a draft and findings.

  3. 3.

    Review and share

    Edit the mapping and assumptions, approve the draft and download Excel or PDF on your letterhead.

Xegality prepares and checks the work, and a member of your practice reviews and approves it before anything reaches a client. Returns and forms are filed by you on the government portals: Xegality is not a GSP or ERI and never asks for your clients' portal passwords.

Works with

  • Trial balance
  • Day book
  • Bank lines
  • Budgets
  • 26AS / AIS
  • GSTR-3B

MIS & statements, explained.

Still curious? Talk to our team.

Are these final statements?
No. Every output is labelled a draft for CA review, and the forecast is an estimate, not investment advice.
How are ledgers mapped to the statements?
A reviewer's mapping first, then a saved AI mapping, then keyword rules. AI maps once and the result is saved for you to correct.
Which CMA forms are produced?
Forms II to VI with ratios and a narrative. Form I, the existing and proposed limits, isn't generated.
Where do the tax rates come from?
Slab and entity rates come from dated rule packs. Values for 2026-27 that staff haven't yet confirmed are marked check this.

Works well with.

MIS & statements shares its work with the rest of Xegality.

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