This is indeed a very interesting article, and coincidentally happens to be the exact reason for myself launching my website https://lnkd.in/gEZaUmF2, where I (from past experiences as a partner in a CA Firm) had started successfully storing critical audit and accounting data on customised (sometimes even using VBA) - specially for typically difficult clients.
Just for example, as an accountant, I used to supervise TDS related data for submission of eTDS returns on a quarterly basis for a client, say Ms XYZ. Then, at the time of finalizing the books of account prior to publishing the Annual Report as a part of the Audit Report, we would firstly need to report on the yearly TDS data as being 'True and Fair/Correct'. Secondly, to issue the Form 16 for the employees, we need the consolidated data of the four quarterly eTDS submissions!! Voila, customised Excel Spreadsheets came to the rescue.
Read this article, like I did, to realize that each CA (read as professional) Firm has their own requirements at least on an annual basis!! I am not even mentioning those Financial Modeling requirements of Project Finance, or the periodic submissions firms need to submit to their banks from whom finance of any kind is availed.
CA Vikram Shankar Mathur
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