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Foreign Exchange accounting facility in tally 9

Yes , it is true that tally provide the facility of foreign exchange accounting . In tally 9 , it is known as Forex accounting . It means , if any company deals more than one country , that company maintain their accounts in multi currency and after this with tally 9 , the company can calculate net profit or loss due to the changes in exchange rate .

Suppose , Rohit has sold good 1000 to xy co. USA at us $ 10 each ( Exchange rate $ 1: Rs. 47 ) at 1/12/2008 but when he when received amount at 12/12/2008 ( Exchange rate $ 1: Rs. 48 ) . It means he get Rs. 1 from each good unit of dollar and he gets earning from foreign exchange flactuation is Rs. 1000 . This type of Forex gain or loss can easily calculate with the help of tally9 .

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  1. Such a nice platform for whom, who wants to understand about exchange foreign currency. You can here currency exchange comparison yourself and have your money exchange in a reasonable money exchange rates.

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Accounting Education: Foreign Exchange accounting facility in tally 9
Foreign Exchange accounting facility in tally 9
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