Multiple Currency in Tally Prime

Create, use maintain multiple currency and set rate of Exchange in Tally Prime. Step by step notes with example and practice assignment.

Multiple Currencies : Many Organizations have transactions in more than one currency. Such transactions have to be recorded either in the base (home) currency or in the foreign currency. If the transactions are recorded in home currency, the rate at which the foreign currency is exchanged should be recorded as well.

Create Currency in Tally Prime

Gateway of Tally > Currency > Create

SymbolFormal Name
$Dollar
Word representing number after decimalCent

Set Rate of Exchange in Tally Prime

Set Dollar Rate : Create > Rate of Exchange

StandardSellingBuying
DateSpecified RateDate  Specified RateDateSpecified Rate
1-Apr-21₹75/$1-Apr-21₹80/$1-Apr-21₹73/$

Create Ledger : Gateway of Tally > Create > Ledger

Ledger NameUnder
Suresh RawatSundry Creditors
PurchasePurchase Accounts
Haider EnterpriseSundry Creditors
SalesSundry Creditors

Create Stock Group : Gateway of Tally > Create > Stock Group

GroupUnder
FoodPrimary

Create Item : Gateway of Tally > Create > Stock Item

ItemUnderUnits
PizzaFoodPcs
ChipsFoodPkt

Purchase Entry Gateway of Tally > Voucher > F9

Supplier invoice no.: 001
Party A/c name ledger: Suresh Rawat
Purchase ledger: Purchase

Name of ItemQuantityRateAmount
Pizza10 Pcs$2.00 Pcs$20.00
Chips10 Pkt$1.00 Pkt$10.00
$30.00 @ ₹ 73/$ = ₹ 2190.00
Multiple Currency in Tally Prime Purchase entry

Sales Entry : Gateway of Tally > Voucher > F8

Reference no.: 001
Party A/c name ledger: Haider Enterprise
Sales ledger: Sales

Name of ItemQuantityRateAmount
Pizza5 Pcs$3.00 Pcs$15.00
Chips5 Pkt$2.00 Pkt$10.00
$25.00 @ ₹ 80/$ = ₹ 2000.00
Multiple Currency in Tally Prime: Sales Entry

Thanks for study the Multiple Currency in Tally Prime Notes.

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