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Simplify Your TDS Receivable Reconciliation with 26AS Reconciliation
Effortlessly reconcile TDS receivable data and achieve accuracy with transaction-level details. Automate the reconciliation process, minimize errors, and gain visibility into your TDS receivables.
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Safe and secure. Compliant with RBI guidelines & IndAS
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Talk to Sales
Safe and secure. Compliant with RBI guidelines & IndAS
Trusted by more than 3000 companies
The Problem Today
Manual 26AS recon is error prone, time-consuming and it’s difficult to track amendments
Manual TDS reconciliation with 26AS involves multiple challenges, including time-consuming updates, data tracking issues, and difficulty in managing unreconciled transactions.
Compliance is ignored
Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.
No central database
Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.
Unreliable OCR systems
Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
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The Problem Today
AP teams spend 100s of hours booking invoices
This is not only a waste of time and productivity, but many a times the invoice booking process has compliance loopholes, uses outdated technology and there is no central storage system for audit readiness and future reference.
Compliance is ignored
Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.
No central database
Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.
Unreliable OCR systems
Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
Manual Data Entry Errors
The manual process of entering and matching data from Form 26AS increases the risk of errors, leading to inaccurate TDS records.
Complex Amendment Tracking
Tracking and reconciling amendments in previous data is cumbersome, often leading to reconciliation inaccuracies.
Inconsistent Data Formats
Varied formats of Form 26AS and internal records complicate reconciliation, making data consistency and accuracy difficult.
Automate TDS reconciliation, reduce errors, and manage updates effortlessly for accurate and efficient financial tracking
Auto-reconciliation
Efficient Quarterly Reconciliation Management for Simplified Tracking
Users struggle with maintaining reconciliations for each quarter due to updates in 26AS. Â Our auto-reconciliation feature saves time and accurately tracks amendments, providing a detailed report for easy comparison.
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Sales Register and Form 26AS linking
Seamless Linking of Sales Register and Form 26AS for Better Integration
Users can’t directly link the sales register with Form 26AS due to missing TAN in sales register & customer PAN in 26AS. Cashflo derives PAN from the TAN, enabling seamless reconciliation with the sales register.
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Track Transactions Accurately
Detailed Transaction-Level Reconciliation for Accurate Data Management
Form 26AS lacks invoice numbers, making transaction level tracking difficult. Cashflo uses TAN or customer names from the sales register and 26AS for detailed reconciliation, ensuring comprehensive tracking.
Simplified Reconciliation
User-Friendly 26AS Format for Streamlined Reconciliation
Get 26AS data in an easily readable format, eliminating the need for manual conversion and simplifying the reconciliation process.
No  Missed Transaction
Carry Forward Unreconciled Data to Prevent Overlooked Transactions
Unreconciled transactions from the previous year may be overlooked. Automatically carry forward previous year's unreconciled data into the current year's reconciliation, ensuring no transaction is missed.
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Understanding AP Automation & how it impacts your bUnderstanding 26AS Reconciliation & How It Impacts Your Tax Filing
26AS reconciliation is a crucial step in ensuring accurate tax filing. Form 26AS, also known as Form No. 26AS in income tax, is an annual tax statement that consolidates details such as TDS (Tax Deducted at Source), TCS (Tax Collected at Source), and other tax-related information. Proper reconciliation involves comparing entries in your Form 26AS with your financial records to identify and resolve discrepancies.
The 26AS verification process ensures that the TDS recorded in Form 26AS matches what is reflected in your income tax return (ITR). Utilizing a reliable 26AS reconciliation tool can simplify the TDS reconciliation process, helping you avoid errors that may arise from mismatches. The Form 26AS download provides a comprehensive overview of your tax credits, making it essential for accurate filing. Regular form 26AS reconciliation ensures that your tax filing is accurate, minimizing the risk of penalties and interest due to incorrect reporting.
The 26AS verification process ensures that the TDS recorded in Form 26AS matches what is reflected in your income tax return (ITR). Utilizing a reliable 26AS reconciliation tool can simplify the TDS reconciliation process, helping you avoid errors that may arise from mismatches. The Form 26AS download provides a comprehensive overview of your tax credits, making it essential for accurate filing. Regular form 26AS reconciliation ensures that your tax filing is accurate, minimizing the risk of penalties and interest due to incorrect reporting.
When Should You Perform a 26AS Reconciliation?
1. Before Filing Your ITR: Verify that TDS in Form 26AS matches your income tax return details to ensure accuracy before filing.
2. After Receiving Form 26AS: Reconcile immediately upon downloading Form 26AS to address any discrepancies with your financial records.
3. When Updates or Amendments Occur: Perform reconciliation whenever Form 26AS reflects updates or amendments to keep your records accurate.
4. Upon Identifying Discrepancies: Quickly resolve any mismatches between your records and Form 26AS using a reconciliation tool.
5. During Financial Audits: Ensure thorough reconciliation during audits for transparent financial reporting and compliance.
6. At the End of the Financial Year: Reconcile Form 26AS at year-end to confirm that all TDS entries are reported correctly and no transactions are missed.
2. After Receiving Form 26AS: Reconcile immediately upon downloading Form 26AS to address any discrepancies with your financial records.
3. When Updates or Amendments Occur: Perform reconciliation whenever Form 26AS reflects updates or amendments to keep your records accurate.
4. Upon Identifying Discrepancies: Quickly resolve any mismatches between your records and Form 26AS using a reconciliation tool.
5. During Financial Audits: Ensure thorough reconciliation during audits for transparent financial reporting and compliance.
6. At the End of the Financial Year: Reconcile Form 26AS at year-end to confirm that all TDS entries are reported correctly and no transactions are missed.
Benefits of Using Cashflo for 26AS Reconciliation
Streamlined 26AS Reconciliation
Cashflo automates the reconciliation process, simplifying the alignment of Form 26AS TDS entries with your financial records. This reduces manual effort and ensures accuracy in form no 26AS income tax reporting.
Enhanced Accuracy with Detailed Verification
Utilize Cashflo's advanced tools for comprehensive 26AS verification, ensuring that all TDS recorded in Form 26AS is accurately reflected in your income tax return (ITR). This helps in accurate TDS 26AS reconciliation and minimizes discrepancies.
Efficient Data Management and Integration
With seamless Form 26AS download and integration, Cashflo facilitates smooth tds reconciliation with 26AS and accurate transaction tracking. This ensures that all financial data is correctly reconciled and reported.
Who Can Benefit from Cashflo's 26AS Reconciliation Service?
1. Businesses of All Sizes: Automate 26AS reconciliation to reduce errors and penalties, ensuring accurate tax processes.
2. Accountants and Tax Professionals: Save time and improve accuracy in managing multiple clients' tax filings.
3. Individual Taxpayers: Simplify TDS reconciliation for complex financial records to ensure accurate alignment of Form 26AS with ITR.
4. SMEs: Streamline 26AS reconciliation to match TDS records with financial data, enhancing compliance and accuracy.
2. Accountants and Tax Professionals: Save time and improve accuracy in managing multiple clients' tax filings.
3. Individual Taxpayers: Simplify TDS reconciliation for complex financial records to ensure accurate alignment of Form 26AS with ITR.
4. SMEs: Streamline 26AS reconciliation to match TDS records with financial data, enhancing compliance and accuracy.
Factors to Consider When Choosing a 26AS Reconciliation Tool
1. Automation: Automate Form 26AS download and reconciliation to reduce manual effort and improve accuracy.
2. TDS Accuracy: Ensure precise TDS reconciliation with 26AS to match financial records and ITR.
3. User-Friendly Interface: Choose a simple tool for easy 26AS verification and reconciliation.
4. Comprehensive Reporting: Get detailed reports for tracking discrepancies and maintaining accurate records.
5. System Integration: Ensure the tool integrates with accounting software for seamless 26AS and ITR reconciliation.
2. TDS Accuracy: Ensure precise TDS reconciliation with 26AS to match financial records and ITR.
3. User-Friendly Interface: Choose a simple tool for easy 26AS verification and reconciliation.
4. Comprehensive Reporting: Get detailed reports for tracking discrepancies and maintaining accurate records.
5. System Integration: Ensure the tool integrates with accounting software for seamless 26AS and ITR reconciliation.
Features of 26AS Reconciliation
Automated Form 26AS Download: Easily download and integrate Form 26AS for efficient reconciliation.
‍TDS Reconciliation: Simplify matching TDS entries with advanced tools for accuracy.
‍ITR Integration: Seamlessly reconcile Form 26AS with your ITR for accurate tax filing.
‍Transaction Tracking: Track transactions in detail, filling gaps like missing invoice numbers.
‍Carry Forward Data: Automatically carry forward unreconciled transactions from previous years.
‍Error Detection: Identify and resolve discrepancies quickly for accurate TDS reconciliation.
‍TDS Reconciliation: Simplify matching TDS entries with advanced tools for accuracy.
‍ITR Integration: Seamlessly reconcile Form 26AS with your ITR for accurate tax filing.
‍Transaction Tracking: Track transactions in detail, filling gaps like missing invoice numbers.
‍Carry Forward Data: Automatically carry forward unreconciled transactions from previous years.
‍Error Detection: Identify and resolve discrepancies quickly for accurate TDS reconciliation.
Frequently Asked Questions
What is Form 26AS, and why is it important?
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How do I download my Form 26AS?
How often should I perform 26AS reconciliation?
What are the common issues in 26AS reconciliation?
How can Cashflo's 26AS reconciliation tool help me?
Can Cashflo's tool integrate with my existing accounting software?
Is there a deadline for reconciling Form 26AS?
How can I ensure that my 26AS reconciliation is accurate?
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