Multi Currency in Accounting Features

 

Tally Accounting Features 

Multi Currency

At times you need to record the transaction in the foreign currency itself when you maintain the balance of the concerned account in foreign currency. You can create multiple currencies as per your business needs. Enable the Multi-Currency feature to view and enter transactions in multiple currencies.

 

RATES of Exchange:

For example:                  1 USD   :  74.13 INR

Example:

Create a Foreign Currency US $(symbol) and set the Currency rates

Rates of Exchange table

Date	Standard rate	Selling rate	Buying rate
1/5/20	₹ 75.73	₹ 77.5	₹ 75.0
2/5/20	₹74.5	₹ 76.6	₹ 74.5
31/5/20	₹77.5	₹ 78.5	₹ 78.5

 

1/5/20                   Bought goods from Amudha $550

2/5/20                   Received Amount from Aruna $600

31/5/20                 Sale of Goods to Sundari $700

Shortcut keys for Currency:

Example:

Create a Foreign Currency US $(symbol) and set the Currency rates

Rates of Exchange table

Date	Standard rate	Selling rate	Buying rate
1/5/21	₹ 73.6	₹ 75.5	₹ 75.0
2/5/21	₹76.5	₹ 75	₹ 73.5
31/5/21	₹77.5	₹ 78.5	₹ 78.5

 

1/5/20                   Received Amount from Gunalan $1050

2/5/20                   Paid Amount to Anwar $590

31/5/20                 Purchased goods from Anwar $700

How to use Multi Currency options in tally?  

Click this :Multi Currency in Tally