App Spotlight: TDS 26AS Reconciliation for Zoho Books
Automate 26AS/Form 168 reconciliation, ensuring that mismatches between your 26AS/Form 168 and books are flagged to make ITR filing seamless and release money stuck in 26AS/Form 168.
Get the extension
Business needs
• Companies that don’t reconcile regularly often have a large number of deductions that may damage working capital.
• Mismatches between 26AS and books can lead to short deductions which forces you to pay the difference in tax. Excess deductions leave money stuck.
• Manual reconciliation involves:
Combing through every transaction and checking TDS amounts
Verifying the deductor’s PAN/TAN (becomes harder when one PAN has multiple TANs)
Individually emailing deductors until the discrepancy is resolved
The problem compounds as businesses get bigger.
Solution
The 26AS module in the TDS 26AS Reconciliation for Zoho Books extension automates the reconciliation, allowing you to compare the amounts between your books and 26AS in a click.
The features that significantly improve reconciliation are:
• PAN/amount/date-level reconciliation
• Manual pairing for edge cases or deductions that require extra attention
• Bulk email notifications for following up with deductors
• PAN to TAN fetching for incomplete details
• Auto-downloading 26AS and pulling data from Zoho Books with a click
• Reconciling across past years and quarters
Benefits
• Automating 26AS reconciliation saves 40+ hours combing through TDS transactions every quarter
• Automation curbs mismatches that withhold TDS refunds or increase your tax liability
• Your end of year filing rush becomes seamless with audit-ready, error-free records
When integrated with Zoho Books, a single click pulls all data from your books into our software and continually syncs information, requiring no manual uploading or effort.
Comments