Tally Prime - Complete Accounting with Tally > Multi - Currency

How to Record Multi - Currency Transactions in TallyPrime

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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  • In the ‘Accounts’ tab, select the account from which money is being withdrawn or deposited and enter the amount of money that is being transferred in the ‘Amount’ field on the top of it.

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  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
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  1. Performing Business Transactions in Tally Prime
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  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
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  5. Determination of Tax
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  1. ITC Adjustment & ITC Set Off in Tally Prime
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  2. GST Return Forms with Example in Tally Prime
    14m 18s
  3. GST Setup & Inventory Setup in Tally Prime
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  1. Create Purchase Transaction in Tally Prime
    13m 40s
  2. Create Sales Invoice in Tally Prime
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  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
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  2. E-way Bill Using Tally Prime
    15m 1s
  3. Career as Data Entry Operator
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  4. Assignment of E-Way Bills
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  1. Banking Utilities in Tally Prime
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  2. Banking Transaction & Cheque Printing in Tally Prime
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  3. Other Transactions in Tally Prime
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  4. Bank Reconciliation in Tally Prime
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  5. Assignment of Banking
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  1. Cost Centre and Cost Category in Tally Prime
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  2. Predefined Cost Centre in Tally Prime
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  3. Assignment of Cost Centre
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  1. Simple Interest Calculation in Tally Prime
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  2. Bank Overdraft Interest Calculation in Tally Prime
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  3. Compound Interest Calculation in Tally Prime
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  4. Assignment of Interest
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  1. Introduction to Procurement Process
    15m 27s
  2. How to Record Purchase of Goods and Services in Tally Prime
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  3. What is pre close order in Tally Prime
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  4. Assignment of Procurement
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  1. How to Record Sales of Goods and Services in Tally Prime
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  2. What is a Point of Sale in Tally Prime
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  3. Introduction to Godown Transactions in Tally Prime
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  4. Assignment Of Sales Process
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  5. Assignment of POS
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  1. Introduction to Manufacturing Process in Tally Prime
    23m 9s
  2. Manufacturing Process Transactions in Tally Prime
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  3. Understanding Manufacturing Process by Product in Tally Prime
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  4. Assignment of MFG Process
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  1. Item Cost Tracking in Tally Prime
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  2. Batch Details in Tally Prime
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  3. Assignment of Batch Detail
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  4. Assignment of item cost tracking
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  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
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  1. Introduction of Payroll with Tally Prime
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  2. Payroll Master creation in Tally Prime
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  4. Payroll Statutory Report in Tally Prime
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  1. TDS Configuration in Tally Prime
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  2. Assignment of TDS
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  1. Financial MIS Report in Tally Prime
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  2. Inventory MIS Report in Tally Prime
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  3. Career as MIS
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  1. Versions of Tally
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  1. Course Summary
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  1. Interview Questions
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  1. Career Guideline
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