Profit and Loss, Balance Sheet reports in ERP next are not having the schedule VI of companies Act 2013 format. Can anyone confirm if this has been met in any of the version of ERPNext. If not please let us know when we can expect the same as part of the product.
In Addtion to above for trading business Trading and Profit & Loss A/C is required. Just to explain the requirement in simple terms trading business do not use the concept of stock and COGS accounts. They use Purchase Account along with opening and closing stock to arive at the gross profit in the P & L account. For example Tally Trading and P & Loss A/C.
