LLP financial statements software — the ICAI format, done properly

From FY 2024-25, LLPs have their own ICAI format — Partners’ funds, the partners’ remuneration line, and their own notes. LaziLeo prepares it in the browser: upload the Trial Balance, review the auto-mapped groupings, and export a signature-ready PDF and Excel. Fixed and fluctuating capital methods both supported, partner-wise.

Built for how LLP accounts actually work

  • Balance Sheet with Partners’ funds — contribution and current accounts, partner by partner
  • Statement of Profit and Loss with the partners’ remuneration line, per the ICAI Guidance Note
  • Single or fixed-plus-current capital account methods, with agreed contribution
  • Cash Flow Statement (AS-3, indirect method) and the full set of notes
  • Maker-checker review workflow and a firm dashboard across all your LLP and company files
  • Signature-ready PDF and matching Excel export

Frequently asked questions

Does LaziLeo follow the ICAI LLP format?

Yes. LLP statements are prepared per the ICAI Guidance Note on Financial Statements of Limited Liability Partnerships, effective FY 2024-25 — Partners’ funds in place of shareholders’ funds, the partners’ remuneration line in the Statement of Profit and Loss, and the prescribed notes. LLPs are a dedicated section in LaziLeo, not a re-labelled company format.

How are partners’ capital accounts handled?

Both methods are supported: a single capital account, or fixed-plus-current accounts with agreed contribution — the format LLP agreements typically require. Partner-wise details flow into the notes automatically.

Where does the data come from?

Upload a Trial Balance exported from Tally, Zoho Books, BUSY, Marg, Vyapar, Kitaabh or any accounting software. LaziLeo auto-maps the ledgers to the LLP format heads and gives you a review screen to confirm every grouping before statements are generated.

What does it cost for an LLP?

Your first entity on LaziLeo is free, with full statements in the app and a watermarked preview PDF. After that an LLP is ₹1,499 per financial year pay-as-you-go, or drawn from a prepaid credit bundle (Growth: ₹19,999 for 25 entity-FYs; Scale: ₹39,999 for 75). Prices exclude GST; every charge gets a GST tax invoice. Until 30/09/2026 the launch offer takes 30% off pay-as-you-go (₹1,049 for a company or LLP, ₹839 for a non-corporate entity), 40% off Growth (₹11,999) and 45% off Scale (₹21,999); offer prices apply to purchases completed by 30/09/2026, standard prices from 01/10/2026.

Can my firm work on LLP files together?

Yes — a firm workspace with admin, preparer and reviewer roles, a maker-checker review workflow, and a firm dashboard that shows every file’s milestone and who is working on it.

Related reading

Talk to us before you commit

Tell us how many LLPs and other entities you prepare each year. We will reply with a straight answer about whether this fits your practice — and what it would actually cost.

Entities you prepare a year

What we do with it: we use your name and email address only to send the updates described above. Withdrawing is as easy as consenting — use the unsubscribe link in any email, or write to privacy@lazileo.com. Withdrawing does not affect your account or any service email about work you are doing. Grievances: Sudheer Lokanadham, Grievance Officer, Nirrathna Technologies Private Limited, grievance@lazileo.com. If a grievance is not resolved to your satisfaction you may complain to the Data Protection Board of India at its online portal, or in writing to the Board — see lazileo.com/privacy for the current address and procedure.

What we do with it: we use your name and phone number only to call you about this enquiry. You can withdraw at any time by writing to privacy@lazileo.com, or by telling the caller. Grievances: Sudheer Lokanadham, Grievance Officer, Nirrathna Technologies Private Limited, grievance@lazileo.com. If a grievance is not resolved to your satisfaction you may complain to the Data Protection Board of India at its online portal, or in writing to the Board — see lazileo.com/privacy for the current address and procedure.

We reply within two business days.

Prepare your first LLP file free

Full statements in the app · watermarked preview PDF · no card, no time limit

Create your free account