Schedule III balance sheet software — in the browser, not in Excel
LaziLeo turns a Trial Balance into signature-ready Schedule III financial statements — Balance Sheet, Statement of Profit and Loss, Cash Flow, every note and the 11 mandatory ratios. Upload from Tally, Zoho Books, BUSY or any accounting package; review the auto-mapped groupings; export a filing-ready PDF and Excel. It also prepares LLP and ICAI Non-Corporate entity statements — three frameworks, one product.
Excel-template tools vs a cloud platform
Most Schedule III automation tools in India are Excel templates with macros. They compute well — but the file is the product, and a file has limits a platform does not.
| Excel-based tools | LaziLeo (browser-based) | |
|---|---|---|
| Where you work | A macro workbook on one machine — needs Microsoft Excel installed | Any browser, any device — nothing to install |
| When formats change (MCA / ICAI) | Wait for a new file version, download it, migrate your data into it | Updated centrally — every firm is on the current format the same day |
| Working as a team | One file, one person at a time; versions multiply in email and pen drives | Firm workspace with preparer, reviewer and admin roles — maker-checker built in |
| Partner oversight | Open each file to see where it stands | A firm dashboard showing every file, its milestone, and who is working on it |
| Ledger grouping | Macro-based grouping; the rest is manual cell work | Auto-mapping with a dedicated review screen — every grouping confirmed, nothing silent |
| Entity coverage | Often separate tools and licences per entity type | Companies (Schedule III), LLP and ICAI Non-Corporate formats in one product |
| Trying it out | Download a trial file | Your first entity is free — full statements in the app, no card needed |
Everything Schedule III requires, prepared for review
- Balance Sheet and Statement of Profit and Loss in Division I format, with corresponding previous-year figures
- Cash Flow Statement under AS-3 (indirect method), reconciled to the Balance Sheet
- Every note to accounts — share capital, reserves, borrowings, trade receivables/payables ageing, PPE schedule with Schedule II depreciation, and the 2021 amendment disclosures
- The 11 mandatory financial ratios with numerators, denominators and 25% variance explanations
- Maker-checker workflow: preparer submits, reviewer approves, partner signs off
- Signature-ready PDF plus a matching Excel export
Frequently asked questions
Is LaziLeo an Excel template or macro tool?
No. LaziLeo is a web application — you work in the browser, with nothing to install or download. Most Schedule III tools in India are Excel templates or macro workbooks you run locally; LaziLeo keeps the statements, notes, mapping and review workflow in one secure cloud workspace, and exports to PDF and Excel when you are done.
What does the software prepare?
The complete set of statutory financial statements: Balance Sheet, Statement of Profit and Loss, Cash Flow Statement (AS-3, indirect method), every note to accounts including ageing schedules and the 2021 amendment disclosures, accounting policies, and the 11 mandatory Schedule III financial ratios with variance explanations.
Which accounting software can I import from?
Any package that exports a Trial Balance — Tally, Zoho Books, BUSY, Marg, Vyapar, Kitaabh and others. LaziLeo reads the closing balances and auto-maps ledgers to Schedule III heads, with a review screen where you confirm or adjust every grouping.
Does it cover LLPs and non-corporate entities too?
Yes — alongside Companies Act Schedule III (Division I), LaziLeo prepares LLP financial statements in the ICAI LLP format and proprietorship, partnership firm, trust, society, HUF and AOP accounts in the ICAI Non-Corporate Entity format, both effective FY 2024-25. All three frameworks are included in one product.
How much does Schedule III software cost on LaziLeo?
Your first entity is free — full statements in the app with a watermarked preview PDF. After that it is pay-per-entity: ₹1,499 per company or LLP per financial year (₹1,199 for non-corporate entities), or prepaid credit bundles — Growth at ₹19,999 for 25 entity-FYs and Scale at ₹39,999 for 75 entity-FYs. Prices exclude GST; a GST tax invoice is issued for every charge.
Is my client data safe?
Your data is encrypted, stored securely, and handled in line with India’s Digital Personal Data Protection Act, 2023. It is never sold or used for advertising.
Learn the formats first
- Schedule III Balance Sheet format, line by line
- Schedule III Statement of Profit and Loss format
- Trial Balance to financial statements: the CA workflow
- The 11 mandatory Schedule III financial ratios
- Notes to financial statements under Schedule III
Prepare your first Schedule III file free
Full statements in the app · watermarked preview PDF · no card, no time limit
Create your free account