Multi-Currency Accounting in TallyPrime
In your business, when you need to do transactions in more than one currency, you can create multiple currencies in TallyPrime. You will need to use foreign currencies in your transactions based on the currency in which your customers want the invoice, the geographical location in which the transaction is carried out, or other such reasons. In TallyPrime, you can define the base currency at the time of Company creation. Base currency is the primary currency used in all the transactions, unless you create other currencies and use those in the transactions, based on your business need. Multi-currency in TallyPrime enables you to record vouchers in a foreign currency and view reports in a specific currency as needed.
Moreover, you can define exchange rates for a specific currency with respect to the base currency, and also calculate forex gain or loss.
You can provide opening balance for ledger accounts in any currency created in TallyPrime.
You can also change the base currency and alter or delete other currencies created in TallyPrime, as per your requirement.
To know more on multi-currency
- Create, Alter or Delete Currencies
- Set Up Forex Rates
- Create and Print a Sales Invoice with Foreign Currency
- Create Purchase Voucher with Foreign Currency
- View Reports with Foreign Currency in TallyPrime
- Provide Ledger Opening Balance in Foreign Currency in TallyPrime
- Create Account for Forex Gain or Loss in TallyPrime
- Change Base Currency in TallyPrime
