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Tag: Tally Accounting
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Step-by-Step Guide to Multi-Currency in TallyPrime (Export, Import & Forex Gain/Loss)
🌍 Multi-Currency Transactions in TallyPrime 🔹 Step 1: Enable Multi-Currency Feature 🔹 Step 2: Create Currencies Repeat for other currencies (Euro, Pound, etc.). 🔹 Step 3: Create Ledger Accounts 🔹 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…
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Step-by-Step Guide to Ledger Creation in Tally
Creating a ledger in Tally is a fundamental part of accounting, as all financial transactions are recorded through ledgers. In TallyPrime, ledgers are created under Groups (like Capital Account, Sales, Purchase, Cash-in-Hand, etc.). 🎯 What is a Ledger in Tally? A Ledger in Tally is a record of all transactions related to a specific account,…
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Recording VAT Entries in Tally.ERP 9 with Detailed Steps and Examples
VAT entry in Tally.ERP 9 is essential for businesses to accurately record Value Added Tax transactions. Below, I will guide you through the process step-by-step, including examples and explanations: Step 1: Create VAT Ledgers Step 2: Enable VAT in Tally Step 3: Make Sales Entry with VAT Step 4: Record Purchase Entry with VAT Step…