Is every person required to use mandatorily Audit Trail software to use accounting software?
4 Replies
Yugandhar
(CA)
(124 Points)
Replied 31 March 2022
Audit trail in accounting software is required for 'all companies' registered under the companies act.
Hence it is mandatory only for companies (irrespective of its size).
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 01 April 2022
It's not required for individuals and small tax payers other than companies
Prakhar Beriwal
(Product Manager)
(38 Points)
Replied 15 November 2022
Audit trail is mandatory for all companies in India that are registered under the Companies Act.
But regardless if it is mandatory or not, you should do it as much as possible. There are benefits for business owners as well.
Check out the benefits of audit trail for businesses.
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