Tally Prime - Complete Accounting with Tally > Multi - Currency

How to Record Multi - Currency Transactions in TallyPrime

56.1k

The term multi-currency is used to describe a transaction that involves more than one currency. This is also known as a "cross-currency" transaction.

To record multi-currency transactions in Tally, you need to select the currency for the transaction and then enter the amount of money that is being transferred. To do this, go to Transactions > Enter Transaction > Select Currency and enter the amount of money that is being transferred.

The benefits of recording multi-currency transactions in Tally Prime are as follows:

  • It helps in the reconciliation of the transactions.
  • It improves accuracy and consistency.
  • It helps in the understanding of the international financial reporting standards.
  • It is a great tool for banks to manage their foreign exchange risks.

The steps for recording a multi-currency transaction in Tally Prime are as follows:

  • Start Tally Prime.
  • Enter the date and time of the transaction in the ‘Date’ field and press enter to save it.
  • In the ‘Accounts’ tab, select the account from which money is being withdrawn or deposited and enter the amount of money that is being transferred in the ‘Amount’ field on the top of it.

Learner's Ratings

4.5

Overall Rating

  • 72%
  • 16%
  • 4%
  • 1%
  • 7%

Reviews

A
ADITYA SINGH
5

very helpful sir.👍

S
Sachin P Chaubey
4

good

V
Vishnu verma
4

nice

R
RAIMA KARMAKAR
5

superb learning skill

V
VISHAL KUMAR MAHER
5

Best Online Courses available here 😊 Thank you so much 🙏

S
Sampada Kulkarni
5

Best online course

G
Gajendra Singh
5

A

V
Vaibhav Damodar Khot
5

Dear Team, Please have videos that shows the updates in tally Prime. Now it's Tally Prime 6 is going on. So, if I refer your course, all get confused. Also please change ITC adjustment rule 2019.

G
gaurav yadav
5

Very nice

G
Gaurav Kumar Sharma
5

It's Just Amazing Platform.

Show More
Recommended Courses
Course Content

  1. Introduction to Tally Prime
    7m 7s

  1. How to Install Tally Prime
    10m 37s

  1. How to Create Company in Tally Prime
    8m 26s

  1. Understanding Masters in Gateway of Tally Prime
    11m 58s
  2. Understanding Transactions, Utility & Reports in Gateway of Tally Prime
    8m 29s

  1. Performing Accounting Transactions in Tally Prime
    13m 52s
  2. Assignment of Accounting transactions
    1m 59s

  1. Performing Business Transactions in Tally Prime
    16m 58s

  1. Generating Basic Reports in Tally Prime
    9m 53s
  2. Goto option in Tally Prime
    11m 52s
  3. Assignment of Business transaction & basic reports
    2m 36s

  1. Introduction to Inventory
    11m 27s
  2. Unit of Measure in Tally Prime
    3m 40s
  3. Stock Category in Tally Prime
    16m 40s
  4. Assignment of Inventory Setup
    1m 43s

  1. GST Introduction
    9m 3s
  2. GST Registration in Tally Prime
    11m 9s
  3. Manage HSN Codes and Tax Rates in Tally Prime
    7m 45s
  4. GST Number Structure
    5m 58s
  5. Determination of Tax
    6m 33s

  1. ITC Adjustment & ITC Set Off in Tally Prime
    15m 29s
  2. GST Return Forms with Example in Tally Prime
    14m 18s
  3. GST Setup & Inventory Setup in Tally Prime
    23m 4s

  1. Create Purchase Transaction in Tally Prime
    13m 40s
  2. Create Sales Invoice in Tally Prime
    15m 54s

  1. Generating GST Reports in Tally Prime
    16m 31s
  2. ITC Adjustment in Tally Prime
    17m 2s
  3. Assignment of GST Sales Purchase
    4m 45s

  1. Introduction to E-Way Bill
    11m 33s
  2. E-way Bill Using Tally Prime
    15m 1s
  3. Career as Data Entry Operator
    3m 4s
  4. Assignment of E-Way Bills
    2m 27s

  1. Banking Utilities in Tally Prime
    12m 30s
  2. Banking Transaction & Cheque Printing in Tally Prime
    23m 45s
  3. Other Transactions in Tally Prime
    18m 48s
  4. Bank Reconciliation in Tally Prime
    15m 54s
  5. Assignment of Banking
    3m 22s

  1. Cost Centre and Cost Category in Tally Prime
    26m 10s
  2. Predefined Cost Centre in Tally Prime
    14m 10s
  3. Assignment of Cost Centre
    3m 13s

  1. Simple Interest Calculation in Tally Prime
    27m 50s
  2. Bank Overdraft Interest Calculation in Tally Prime
    17m 16s
  3. Compound Interest Calculation in Tally Prime
    14m 28s
  4. Assignment of Interest
    3m 26s

  1. Introduction to Procurement Process
    15m 27s
  2. How to Record Purchase of Goods and Services in Tally Prime
    17m 50s
  3. What is pre close order in Tally Prime
    7m 38s
  4. Assignment of Procurement
    2m 36s

  1. How to Record Sales of Goods and Services in Tally Prime
    17m
  2. What is a Point of Sale in Tally Prime
    15m 19s
  3. Introduction to Godown Transactions in Tally Prime
    13m 47s
  4. Assignment Of Sales Process
    2m 44s
  5. Assignment of POS
    2m 31s

  1. Introduction to Manufacturing Process in Tally Prime
    23m 9s
  2. Manufacturing Process Transactions in Tally Prime
    21m 25s
  3. Understanding Manufacturing Process by Product in Tally Prime
    15m 20s
  4. Assignment of MFG Process
    4m 22s

  1. Item Cost Tracking in Tally Prime
    10m 1s
  2. Batch Details in Tally Prime
    16m 33s
  3. Assignment of Batch Detail
    5m 13s
  4. Assignment of item cost tracking
    1m 55s

  1. Manage Buying and Selling Prices in TallyPrime
    17m 45s
  2. Assignment of Price list
    2m 10s

  1. What is Multi - Currency
    8m 16s
  2. How to Record Multi - Currency Transactions in TallyPrime
    15m 51s
  3. Assignment of Multi Currency
    3m 13s

  1. Sales Promotion Scheme in Tally Prime
    19m 45s
  2. Record Expenses in Tally Prime
    14m 41s
  3. Assignment of Operating Ex.
    2m 56s

  1. Record Sale of Mixed Supply in Tally Prime
    22m 40s
  2. GST Report of Mix supply in Tally Prime
    16m 4s
  3. Career as Accountant
    3m 18s
  4. Assignment of Mix Supply
    3m 52s

  1. Introduction of Payroll with Tally Prime
    11m 29s
  2. Payroll Master creation in Tally Prime
    29m 6s
  3. Payroll Transaction in Tally Prime
    18m
  4. Payroll Statutory Report in Tally Prime
    14m 51s
  5. Assignment of Payroll
    3m 24s

  1. TDS Configuration in Tally Prime
    29m 9s
  2. Assignment of TDS
    4m 34s

  1. Financial MIS Report in Tally Prime
    23m 54s
  2. Inventory MIS Report in Tally Prime
    19m 51s
  3. Career as MIS
    2m 38s

  1. Versions of Tally
    7m 35s

  1. Course Summary
    3m 25s

  1. Interview Questions
    11m 37s

  1. Career Guideline
    51s
Enroll For Free