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Enabling Multiple Currency in Tally: Operations Alteration Screen

The document provides instructions for enabling multi-currency functionality in Tally. It describes how to enable the feature, create currencies, enter transactions in foreign currencies, and adjust any resulting unrealized foreign exchange gains or losses. Key steps include enabling multi-currency in the Company Operations Alteration screen, creating currencies using keyboard shortcuts for symbols, entering sales and receipt transactions with exchange rates, and creating a journal voucher class to post adjustments.

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354 views15 pages

Enabling Multiple Currency in Tally: Operations Alteration Screen

The document provides instructions for enabling multi-currency functionality in Tally. It describes how to enable the feature, create currencies, enter transactions in foreign currencies, and adjust any resulting unrealized foreign exchange gains or losses. Key steps include enabling multi-currency in the Company Operations Alteration screen, creating currencies using keyboard shortcuts for symbols, entering sales and receipt transactions with exchange rates, and creating a journal voucher class to post adjustments.

Uploaded by

KalGeorge
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Enabling multiple currency in Tally

Enable Multi-Currency feature to view and enter transactions in multiple currencies. 1. Go to Gateway of Tally 2. Select F11: Features > Accounting Features > to display the Company Operations Alteration screen 3. Set Allow Multi-Currency? to Yes 4. Accept to Save.

Multi Currency feature is now enabled. Procedure to create CURRENCIES Currencies menu View the Currencies menu from Gateway of Tally > Accounts Info > Currencies

Option to create currency

The Key combinations for a few currency symbols are given below: 1. 2. 3. 4. Alt + 156 Pound Sterling - Alt + 0165 Japanese Yen - Alt + 0128 Euro - Use the Dollar and the Rs. Symbol from the keyboard

Create a foreign currency


1.

US Dollar

Go to Gateway of Tally > Accounts Info. > Currencies > Create

Now pass a transaction using foreign currency Creat foreign customer > under> sundry debtor> maintain billwise =yes 1)Select accounting vochers from Gateway of Tally 2)Select F 8: sales 3)Date 4)Party name: foreign customer 5)Item name Laddoo 6)Qty-10nos 7)Rate-$30 8)Rate of exchange 36/$ 9)Accounting allocation sales ledger 10)Bill wise new ref ABC 001 11)Accept the screen

Give the Rate per Qty as $30 And press an enter next screen will apper

Accept the voucher sales voucher Now pass a Receipt entry with Rate of Exchange= RS 37/$ Cr. Party ledger Select the agst ref ABC 001

After passing the Receipt entry come to Balance Sheet it shows Unadjusted forex gain or loss RS 300

if dril down on Unadjusted forex gain or loss RS 300 this screen will appear

To adjust unadjustedforex gain or loss , we should pass a journal entry creating the class How to creat a Voucherclass From Gateway of tally Accounts info vocher type alter >select journal of class> type > unadjusted forex gain or loss in name

Name of voucher class

press enter ,now the screen appears has below . use class for forex gain or loss adjustment set yes

Accept the screen

Creat a forex gain or loss ledger > under > inderect expenses

Now from Gate way of tally forex gain or loss

Acounting vocher >F7

select the class

unadjusted

In Account field> select > forex gain or loss and in particular field select >foreign customer The screen appears as below

Select the Forex gain/loss ledger Which has been created under indirect expenses

Select the Party ledger Press Enter Next screen will appear

Billwise details will appear automatically Accept bill next screen will appwar

Check The Balance sheet

Forex gain or loss has been Adjusted

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