Financial Statements Builder — Schedule III Formats and Tools
Prepare, verify, and export statutory corporate financial statements in accordance with Section 129 and Schedule III of the Companies Act, 2013. Designed for Company Secretaries, Chartered Accountants, and corporate finance teams — 100% free, no login required, and processed entirely in your browser with formula-linked Excel, PDF, and Word outputs.
Schedule III Balance Sheet Builder
Convert trial balances into vertical Schedule III Part I balance sheets. Includes promoter shareholding, trade ageing schedules, CWIP, and 11 statutory ratios.
Statement of Profit and Loss Builder
Classify revenues and expenses by nature, compute PBT, provision for taxes (AS-22), and reconcile profit into the retained earnings roll-forward bridge.
Cash Flow Statement Builder (Indirect)
Reconcile net profit to operating cash flows via working capital movements, supplemented with actual non-cash and investing inputs. Includes Section 2(40) exemption checker.
Schedule III: Division I (AS) vs Division II (Ind AS) Matrix
Select the appropriate statutory division based on applicable accounting rules, not just company type.
| Parameter | Division I (Companies (Accounting Standards) Rules, 2006) | Division II (Companies (Ind AS) Rules, 2015) |
|---|---|---|
| Applicability | Non-Ind AS companies: Unlisted entities with net worth < ₹250 Crores, small companies, OPCs. | All listed companies (or in process of listing), and unlisted companies with net worth ≥ ₹250 Crores (including holding/subsidiaries). |
| Equity Section | "Shareholders' Funds" (Share Capital, Reserves and Surplus, Money received against share warrants). | "Equity" (Equity Share Capital and Other Equity), Statement of Changes in Equity (SOCIE) mandatory. |
| Fixed Assets Terminology | Property, Plant and Equipment and Intangible Assets. | Property, Plant and Equipment (PPE), Right-of-Use (ROU) Assets (Ind AS 116), Investment Property, Intangibles. |
| P&L Presentation | Part II format: Expenses by nature ending in Profit / (Loss) for the period (PAT). | Statement of Profit and Loss plus Other Comprehensive Income (OCI) yielding Total Comprehensive Income. |
| Cash Flow Standard | Accounting Standard 3 (AS-3). Section 2(40) exemption applies for OPCs, small companies, and dormant companies. | Ind AS 7. Mandatory for all Ind AS entities without exemption. |
Statutory Blank Template Packs (12 Files)
Direct 1-click downloads for print-ready empty formats with statutory headings, formula-linked Excel sheets, and editable Word documents.
Schedule III Balance Sheet (Division I)
Division IStatutory format with March 2021 amendments, current/non-current classification, and note linkages.
Schedule III Statement of Profit and Loss (Division I)
Division IStatutory Part II layout covering revenue, expense classifications, tax expense, and PAT.
Cash Flow Statement (Indirect Method)
Division IAS-3 / Ind AS 7 compliant indirect cash flow format with working capital and non-cash reconciliation.
Statutory Notes to Accounts & 2021 Disclosures
Division IIncludes promoter shareholding, trade payables/receivables ageing tables, and CWIP completion schedules.
How It Works: 4 Simple Steps
Prepare review-ready Schedule III financial statements without sharing sensitive company numbers with third-party servers.
Enter company name, CIN, financial year-end date, and choose presentation units.
Paste tab-separated columns from Excel or Tally. Unmapped ledgers are flagged instantly.
Check promoter holding, trade ageing schedules, CWIP, and 11 statutory ratios.
Download formatted PDF, formula-linked Excel (.xlsx), and Word (.docx) directly.
Frequently Asked Questions
Is this tool completely free?
Yes. CorpLawUpdates provides this Financial Statements Builder free of charge for Indian legal, accounting, and compliance professionals. There are no paywalls, hidden fees, or mandatory account logins.
Are financial figures saved on your servers?
No. All financial calculations, mapping, and document generation execute entirely client-side in your local browser memory. No trial balance, company name, or draft statements are transmitted to our servers.
Can I edit the generated Excel workbook?
Yes. The generated .xlsx workbook contains genuine dynamic Excel formulas (=SUM, subtotals, ratios) and is not password protected. You can adjust lines, insert additional notes, or re-run calculations in Microsoft Excel or Google Sheets.
Does this replace statutory audit?
No. This builder is a preparation and reconciliation aid to help prepare review-ready statutory drafts. All financial statements must be audited and certified by an independent Chartered Accountant in accordance with Section 139 and Section 143 of the Companies Act, 2013.