Which one is right for you?
TallyPrime's add-on, a cloud tool, or Schedule III Builder. An honest comparison.
| Schedule III Builder | TallyPrime Schedule III add-on | Cloud tools | |
|---|---|---|---|
| Companies, Division I (AS) | Yes | Yes | Most |
| Ind AS companies and NBFCs (Divisions II, III) | Yes | No | Some |
| Proprietors, firms, LLPs, HUFs, trusts (ICAI format) | Yes | No | Some |
| Notes, ageing, ratios and promoter shareholding | Written for you | From mapped data, in an Excel template | Varies |
| Without Tally (Excel or typed in) | Yes | No | Varies |
| Cash flow, PDF and Excel, year locked when final | Yes | Excel | Varies |
| CMA data with appraisal | Yes | No | Rarely |
| Valuation (ICAI Valuation Standards) | Yes | No | No |
| ITR-3, ITR-5 and ITR-6 JSON | Yes | No | Rarely |
| Audit report, CARO, Board and ROC papers | Yes | No | Some |
| Practice dashboard across clients | Yes | No | Some |
| Where client data is kept | Your PC | Your PC | Their servers |
| Price | One-time licence | Free with TallyPrime | Yearly subscription or free tier |
The add-on column is from Tally Solutions' public pages as of October 2026 and may change. Cloud tools vary; check each for the entities and outputs you need.
Choose the add-on
If you prepare Schedule III for a few companies under the Accounting Standards and finish the notes in Excel yourself.
Choose a cloud tool
If your team works from many places and keeping client books on a vendor's server is acceptable to you and your clients.
Choose Schedule III Builder
If you handle companies, firms and LLPs, want the notes, CMA, valuation and returns from the same books, and want the data on your own PC.