In Tally, handling multi-currency entries allows you to record transactions involving foreign currencies. This feature is particularly useful for businesses that deal with international transactions or have accounts in different currencies. Here's how you can enable and use multi-currency entry in Tally: **Enabling Multi-Currency Feature**: 1. Go to Gateway of Tally (Home Screen). 2. Press F11 or click on "F11: Features" from the right sidebar. 3. In the Features screen, go to "F1: Accounting Features." 4. Under "Forex and Multi-Currency," set "Enable" to "Yes." 5. Save the settings. **Configuring Currency Rates**: 1. In the Gateway of Tally, click on "Accounts Info." 2. Select "Currencies" and then "Create." 3. Enter the currency details like symbol, name, formal name, etc. 4. Specify the "Standard Rates" for the currency against your base currency (usually your local currency). 5. Save the ...
Comments
Post a Comment