Multi currency feature in Tally.

ERP 9

From Gateway of Tally Press button F11 --> F1--> Accounting Features --> enable
the option ‘Allow Multi-Currency ’

Procedure to create “CURRENCIES”

From Gateway of Tally --> Accounts Info --> Currencies -->Create

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

Create a foreign currency US Dollar

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

Create the party ledger i.e., from Gateway of Tally --> Accounts Info --> ledger -->
create the party ledger under ‘Sundry Debtors’ and enable the option ‘Maintain
balance bill-by-bill’.

Create the sales ledger under ‘Sales accounts’ and enable the option ‘Inventory
values are affected’
Create the ‘Forex gain or loss’ under ‘Indirect Expenses’

Creation stock item i.e., from Gateway of Tally --> Inventory Info --> stock item -->
create.
Entries for multi currency

Go to Accounting voucher -->F8, sales and pass the entry as shown below.

After specifying the quantity press the button shift+$4 button

As soon as specifying the Rate you will get the screen to mention Rate of exchange
as shown below.
Mention the rate of exchange

Accept the bill wise details screen,

And the save entry,

Pass the receipt entry against of sales entry,

Specify the rate of exchange as shown below

Select the appropriate reference

After passing the receipt entry you will be getting the ‘Unadjusted forex gain/ loss’ in
the Balance sheet.
If your drill down on the ‘Unadjusted Forex gain/loss’ you will get the below screen,

To adjust ‘unadjustedforex gain or loss’, pass a journal entry creating the class.
Creation of Voucher Class

From Gateway of Tally --> Accounts Info --> Voucher Type -->Journal -->and
specify the ‘Name of the class’

click on enter and enable the option ‘Use class for forex gain/loss adjustments’

Save the screen,

Create a forex gain or loss ledger > under > indirect expenses

Now from Gate way of tally Accounting voucher >F7 select the class “unadjusted
forex gain or loss”

Select the appropriate the reference in the bill wise details screen
Save the entry,

After passing the journal entry, go to Balance sheet and the Forex gain or loss has
been adjusted.