🌍 Multi-Currency Transactions in TallyPrime

🔹 Step 1: Enable Multi-Currency Feature

1. Open TallyPrime → Press F11 (Features) → Accounting Features.
2. Under General, set “Enable Multiple Currencies” → Yes.
3. Save settings.

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🔹 Step 2: Create Currencies

1. Go to Create → Accounts Info → Currencies → Create.
2. Example:
   • Currency Name: US Dollar
   • Formal Name: USD
   • Symbol: $
   • Is symbol suffixed to amount: Yes
   • Number of decimal places: 2
   • Show amounts in millions: No
   • Specify Rate of Exchange: 1 USD = ₹84 (as on today’s rate)

Repeat for other currencies (Euro, Pound, etc.).

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🔹 Step 3: Create Ledger Accounts

• Bank Ledger (USD A/c) → Bank A/c under Bank Accounts, select currency as USD.
• Customer Ledger (ABC Inc., USA) → Sundry Debtor, set Currency: USD.
• Sales Ledger → Invoicing → Use default Base Currency (INR).

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🔹 Step 4: Record Multi-Currency Sales Voucher (Example 1: Export Sales)

Scenario:

👉 You sold goods worth $1,000 to ABC Inc. (USA).
👉 Exchange Rate: 1 USD = ₹84

Steps:

1. Go to Sales Voucher (F8).
2. Select Customer: ABC Inc. (Currency USD).
3. Enter item details, amount will show in USD.
   • Example: 1,000 USD.
4. Tally automatically converts → ₹84,000 (in INR books).

📌 Entry shown in Tally

• Dr. ABC Inc. (USD) → $1,000 (₹84,000)
• Cr. Sales A/c → ₹84,000

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🔹 Step 5: Record Receipt Voucher (Example 2: Payment Received in USD)

Scenario:

👉 Customer pays $1,000 later, but now exchange rate = ₹85.

1. Go to Receipt Voucher (F6).
2. Dr. Bank A/c (USD) $1,000 (₹85,000).
3. Cr. ABC Inc. (USD) $1,000 (₹84,000).

📌 Tally automatically shows Forex Gain: ₹1,000 (difference due to exchange rate).

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🔹 Step 6: Import Purchase Example (Vendor in USD)

Scenario:

👉 You import raw materials worth $500, exchange rate ₹83.
👉 Bank pays later at ₹84.

1. Purchase Voucher (F9) → Select Supplier (USD Ledger).
2. Purchase recorded as $500 = ₹41,500.
3. At payment time (Payment Voucher F5):
   • Dr. Supplier $500 = ₹42,000
   • Cr. Bank A/c = ₹42,000
   • Forex Loss = ₹500

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🔹 Step 7: Reports & Analysis

• Check Ledger → Customer/Supplier → Display → Tally shows both foreign currency & INR equivalent.
• Balance Sheet / P&L → Consolidated in base currency (INR).
• Forex gains/losses shown separately.

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✅ Practical Example Summary

Transaction	Currency	Rate	Ledger Impact (INR)	Forex Effect
Sales to US Client	$1,000	84	₹84,000	–
Receipt from Client	$1,000	85	₹85,000	Gain ₹1,000
Import Purchase	$500	83	₹41,500	–
Payment to Supplier	$500	84	₹42,000	Loss ₹500

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👉 This way, TallyPrime auto-tracks exchange rate fluctuations and shows real forex gain/loss in your accounts.

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