- The document discusses how to set up and record import transactions in Tally with multi-currency functionality.
- It provides steps to enable multi-currency in Tally, create foreign currency and exchange rate ledgers, and import supplier, bank and inventory item accounts.
- Examples are given of recording an advance import payment in foreign currency based on exchange rates, an import purchase invoice, and the resulting foreign exchange gain/loss adjustment entry.
01 tally company creation By Maser Mind Solutions.inMohan Coimbatore
Tally Erp9 is a 20 th Century wonderful accounting software.
Tally has numerous features and configuration. As per user needs one can change the layout and modular. This is my first PowerPoint Presentation Lesson pertaining the : How to Create a Company in Tally..
My various lessons in PPT will upload very soon.
Thanks.
Mohan.
Some use the Tally accounting software for improved productivity and some others incorporate the tool for its ability to facilitate better and quicker decision making. Whomever and whatever it is, it is important to know the tool to use it.
01 tally company creation By Maser Mind Solutions.inMohan Coimbatore
Tally Erp9 is a 20 th Century wonderful accounting software.
Tally has numerous features and configuration. As per user needs one can change the layout and modular. This is my first PowerPoint Presentation Lesson pertaining the : How to Create a Company in Tally..
My various lessons in PPT will upload very soon.
Thanks.
Mohan.
Some use the Tally accounting software for improved productivity and some others incorporate the tool for its ability to facilitate better and quicker decision making. Whomever and whatever it is, it is important to know the tool to use it.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
these are basic tally tutorial based on the tally training conducted follow the slides one by one by making it full size if you have any problem regarding tally setup, or entries than please write to us your queries will be sold on immidiate basis
Automatic Rounding is a very useful feature in Tally ERP 9, helps to speed up Sales and Purchase transactions.Rounding off is the adjusting of smaller fractions of amount like paisa to it’s nearest bigger value like Rupees.
Cheque Management Software does not only print cheque but also maintains the complete life cycle of a cheque. It also gives various reports whose print out can be taken for further references
Intelligent wave of IT Education by JetkingJetking
Jetking brings you the intelligent wave of IT and the initiatives taken like SmartLab plus, JetEdge and JOST to provide world class education to our students.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
these are basic tally tutorial based on the tally training conducted follow the slides one by one by making it full size if you have any problem regarding tally setup, or entries than please write to us your queries will be sold on immidiate basis
Automatic Rounding is a very useful feature in Tally ERP 9, helps to speed up Sales and Purchase transactions.Rounding off is the adjusting of smaller fractions of amount like paisa to it’s nearest bigger value like Rupees.
Cheque Management Software does not only print cheque but also maintains the complete life cycle of a cheque. It also gives various reports whose print out can be taken for further references
Intelligent wave of IT Education by JetkingJetking
Jetking brings you the intelligent wave of IT and the initiatives taken like SmartLab plus, JetEdge and JOST to provide world class education to our students.
Maintain Bill-wise Details
Create and maintain cost Centers
Create and maintain Multiple Currencies
Configure and compute Interest Calculations
Create and maintain Budgets and Scenarios
Generate and print various reports
Unlock the full potential of Oracle’s Treasury Management with our comprehensive guide to implementing the R12 Treasury Solution. This presentation is designed for financial professionals and system administrators aiming to streamline their treasury operations, enhance control over financial instruments, and ensure compliance with organizational policies.
Course Objectives:
Set Up Oracle Treasury:
Perform required setup steps for Oracle’s Treasury Solution.
Define system parameters, user access levels, and currency details.
Policy and Control Implementation:
Identify and implement various policies and controls.
Set up and manage policies related to brokerage, limits, settlement accounts, and audit requirements.
Deal Management:
Enter and manage deals ensuring compliance with policies.
Generate and interpret reports to support decision-making.
Key Features of Oracle Treasury:
Complete Solution: Manage a wide range of financial instruments and transactions.
Integrated System: Seamlessly integrates with other Oracle applications.
Policy Support: Define and manage detailed policies for currency, limits, and user access.
User Access Management: Securely manage user access.
Currency Management: Set up and manage currency details, spot rates, and combinations.
Setup Overview:
System Installation and User Setup:
Install Oracle Treasury.
Define user IDs, passwords, access levels, and assign companies and deal types to users.
Configuring System Parameters:
Set up GL sets of books, accounting periods, legal entities, and transaction calendars.
Define chart of accounts and system parameters.
Currency and Policy Setup:
Add and authorize currencies.
Define currency details and manage currency combinations and FX policies.
Managing Deals and Settlements:
Enter and validate deals.
Authorize and settle deals, generate reports.
Additional Features:
Brokerage Details: Manage brokerage settings.
Limit Policies: Establish transaction limits.
Settlement Accounts: Define default settlement accounts and manage confirmations.
Tax and Audit Requirements: Ensure compliance with tax and audit requirements.
Tips for Effective Implementation:
Start with one superuser for setup.
Incrementally add users as configuration progresses.
Ensure necessary currencies are defined in General Ledger.
Customize out-of-the-box configurations as needed.
This presentation provides a detailed roadmap for implementing Oracle Treasury, making it an essential resource for optimizing treasury management processes. With step-by-step instructions, best practices, and insights, you will be equipped to leverage Oracle’s powerful tools for effective treasury operations.
Target Audience:
Financial Managers and Analysts
System Administrators
IT Professionals in financial systems
Treasury Managers
Unlock the full potential of your financial operations with our detailed guide to Oracle Treasury. Download the presentation now and start transforming your treasury management!
Unrealized Currency Gains or Losses in Odoo 15 AccountingCeline George
Odoo 15 brings up a new report related to the Currencies ie. Unrealized Currencies gains/losses Report. This report will display all open amounts on your balance sheet that need to be reevaluated. It is grouped by the currency and their respective accounts. So this reporting system will be helpful If your company works with multiple currencies and you can get up to date, real-time data, that informs you of all the Gains/Losses and the respective adjustment you should make.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
3. Import of Goods
Outward Foreign Currency
Inward Foreign Goods
Imports are monopoly by Foreign Hands.
Vat Sales & Inter State Sales are maneuvering with in India and between respective States.
In Vat Purchase & Sales proceedings, the movement of Goods & Currency are circulating with in India and between States.
Likewise ,Purchase Import of goods are entering in Indian Sub-Continental.
Simultaneously, Currency is Governed by US Dollars Vs Indian Rupee.
Import Country can Command the Overseas Exporters Economic Balances.
Through Directly or Indirectly.
------------------(o)------------------
Tally
Enable Foreign Exchange
Currency Ledger Creation
Import Transactions
Foxex Exchange Difference
Forex Gain / Loss Journal Entry
4. DEFINITION
The Term Import is derived from the conceptual meaning as the goods getting into another countries
port.
The seller of such goods and services is referred as an “ Imports” who is based in the country of export.
Whereas the overseas based buyer is referred to as an “ Exporter”.
Important Procedures:-
Correspondence with Buyer (India) / Sell (Overseas)
Get Pro-Forma Invoice
Contains Product Specifications
Product Rate
Product Quantity
Product Rate
Terms of Payment
Product Value In USD.
Activation :
Enable Multi Currency -> Select F11 Feature Key -> Set “Yes”
Ledger Creations :-
Currency Ledger -> Foreign Currency US Dollar -> $-> Under Group> Indirect Expenses
Party Ledger Foreign Seller ( Supplier)-> Under Group->Sundry Creditors
Product Purchase Import ->Under Group-> Purchase Account
Bank Ledger -> Under Group ->Bank Account
Forex Gain/ Loss Ledger-> Under Group Indirect Expenses / Indirect Income
Inventory Creation:-
Create Stock Item Product Name.
Voucher Creation :-
Forex Gain / Loss Voucher -> Voucher -> Journal
5. Enter the date for which the exchange rate is applicable
Enter the Standard Rate (optional) which is used to calculate variances from the actual transaction rates
Enter the Selling Rate (your selling rate)
Enter the Buying Rate (your buying rate)
Accept to Save
Note: Last Voucher Rate is displayed, if any voucher has been entered earlier.
Selling Rate – Specified Rate
Receipt of amount from buyer hits in Bank , where receive foreign exchange.
This is the rate obtained from your banker. Once the Selling Rate is specified in the Rates of Exchange
menu, while entering a foreign exchange transaction, the rates are defaulted automatically.
However, you can alter the rate as required.
The actual rate at which the currency was last used is displayed and cannot be changed.
The specified rate is used for calculating foreign exchange variances only in case where there is no
standard rate.
Buying Rate – Specified Rate
Buying Rate is your buying rate (as opposed to bank's buying rate) used in payment vouchers.
The actual rate at which the currency was last used is displayed and cannot be changed.
The specified rate is used for calculating foreign exchange variances only in case where there is
no standard rate.
Courtesy : Tally Solutions.(c)
6. Let us know how to activate the Multi Currency Configuration.
Gateway of Tally
Select-> “ F11 Feature Key”
Select -> “ Accounting Features ”
YES – To Allow Multi Currency
Enter to Accept the Accounting Features Configuration .
Set “ Yes”
7. Creation of US Dollar Foreign Currency .
Gateway of Tally -> Accounts Information -> “Select Currencies “ > Select “ Create “
Now Tally in Currency Creation Lay-Out. Set Symbol -> $
Symbol Formal Name -> Dollar ->
Set -> Other Features Say “Yes” / “No”.
This is the completion of US Dollar Currency Creation.
Creation of US Dollar Foreign Money Rates of Exchange.
Select the US Dollar in Alteration Mode
The above lay out will appear.
Rates of Exchange consists of
Standard Rate / Selling Rate / Buying Rate Etc.,
First we have to set the rates of above slab in Tally in one time Creation .
In Standard Field Set -> Date > Type 60-00 Tally will understand the concept of
Indian Currency against US Dollar
As the same Set Date & Indian Value in Selling Field
Selling rate And Buying Field respectively.
Note the above Exchange Rates are one time Creation. We can any time to change the Forex rates at the time of Payment and
Purchase Transactions respectively.
.
8. Create-> Purchase Ledger:-
Gateway of Tally -> Accounts Information -> Ledger->Creation Lay-Out
Now you are in Ledger Creation Layout.
Ledger Name -> Type -> Purchase – Imports
Select Group Under -> Purchase Accounts From the List of Groups.
Currency Ledger -> Select -> Indian Currency ( Tally Inbuilt)
Set Maintain Balances Bill By Bill -> No
Set “Yes” To -> Inventory Values are affected
Statutory Information:-
Set “Yes” To -> Used in VAT Returns -> Select “Imports” From the VAT /Tax Class Menu
Set “No” To ->Is TDS Applicable.
Set “No” To -> Use For Assessable Value Calculation ?
……….
Now This is the completion of Purchase Imports Ledger Creation.
Create ->Party Ledger:-
Gateway of Tally -> Accounts Information -> Ledger->Creation
Now you are in Ledger Creation Layout.
Ledger Name -> KalaNikethan USA
Select Group Under -> Sundry Creditors … From the List of Groups.
Currency Ledger -> Set US Dollar $
Note :- Import Party Ledger Account Currency is $ US Dollar is Mandatory
Statutory Information:-
Set “NO” To -> Is TDS Deductable
……….
Now This is the completion of Purchase Imports Ledger Creation.
9. Create-> Forex Gain / Loss Account Ledger:-
Gateway of Tally -> Accounts Information -> Ledger->Creation Lay-Out
Now you are in Ledger Creation Layout.
Ledger Name -> Type -> “ Forex Gain / Loss Ac
Select Group Under -> Indirect Income … From the List of Groups.
Currency Ledger -> Indian Currency ( Tally Inbuilt)
Set No -> Inventory Values are affected
Set No-> Allow Cost allocation (Stock Item)
Statutory Information:-
Set “NO” To -> Is TDS Deductable
Set “NO” To -> Used in VAT Returns
Set “NO” To -> Use for Assessable Value Calculation
……….
Now This is the completion of Purchase Imports Ledger Creation.
Create-> Master Mind Bank Ltd Account Ledger:-
Gateway of Tally -> Accounts Information -> Ledger-> Creation Lay-
Out
Now you are in Ledger Creation Layout.
Ledger Name ->Type -> Master Mind Bank Ltd
Select Group Under -> Bank Accounts … From the List of Groups.
Currency Ledger -> Indian Currency ( Tally Inbuilt)
……….
Now This is the completion of Purchase Imports Ledger Creation.
10. We are now in Inventory Creation Layout.
Let us Create Inventory Stock Items :-
Gateway of Tally -> Inventory Information -> Stock Items -> Create
Now Inventory Stock Item Creation Layout will appear.
Name of Stock Item -> Type -> “Remote Video Camera “
Set Description -> As in Field
Set Remarks -> As in Filed
Set Stock Item -> Group Under -> Primary
Set Stock Item -> Units -> No’s ( Numbers)
This is the completion of the Stock Item No.1
11. Let us Crete Special Voucher in the name & style of “Forex
Gain / Loss:
Purpose of Forex Gain/Loss “Special Voucher” function is to
set off the Un- reconciled Forex money exchange values.
Gateway of Tally -> Accounts Information -> Voucher->
Voucher Creation-> In Voucher Creation Layout
Type the Name of Voucher -> “Forex Gain / Loss”
Select Type of Voucher -> “Journal” From the List of Voucher
Types
In the Name of Class Field Type “ Forex Gain / Loss”
Enter to Next Pop up window
View Below Slide…
After Finishing the Name of Class Field
The Purpose of Forex Gain / Loss Voucher is to capture the
Nature of Forex Gain / Loss Transactions
The above Pop Up Window Class : Forex Gain / Loss will appear :-
Contains
Set “NO” to Use Class for VAT Adjustments.
Set “YES” to Use Class for Forex Gain / Loss Adjustments?
Forex Gain / Loss Ledger Account to use set -> Not Applicable
Enter to Accept the Voucher
12. Gateway of Tally -> Select Accounting Vouchers-> Select F5
Payment Entry .
Select Bank Ledger -> Master Mind Bank Ltd
( This is Single Entry Voucher Mode ->
Any Cash / Bank Comes First in Credit )Select Bank Ledger
Transaction of Payment Voucher Entry Mode.
Above Slide, We have Selected Bank Ledger -> “Master Mind
Bank Ltd” . Now Enter to Select Party Name -> KalaNikethan
USA -> Foreign Seller -> Enter Move to next field Amount.
Select Party Seller
Ledger
Transaction of Payment Voucher Entry Mode.
Above Slides, We have Selected Bank & Party Ledgers -> Now
we are in Amount Field….
In The Amount Field Type-> Select Symbol “$” from the key
board -> Denotes -> US Dollars
Select Dollar Symbol $ In
Amount Field
Import Purchase -> Advance Payment Transactions
13. Transaction of Payment Voucher Entry Mode.
Above Slides, We have Selected -> Ledgers of :-
Bank -> Master Mind Bank Ltd
Party -> KalaNikethan USA
Now the Mouse Pointer Stands in Amount Field
Set Symbol “$”( Denotes US Dollar)
Now Type the Dollar Amount -> $ .10520-00
Transaction of Payment Voucher Entry Mode.
Above Slides, We have Entered the Value in Dollar > $ .10520-00
<<< This Slide will help us to
Change / Modification of the Rate of Exchange.
View the full fledged payment entry below.
Now you are in Payment Voucher Entry Mode.
Above Slide We have Selected Party Name -> KalaNikethan USA -> Set Symbol “$” Denotes US Dollar
Then Type the Amount -> $ .10,520-00.
In the Currency Rate Exchange Field, We have Registered the Foreign Exchange Rate as One Dollar Value = Indian Currency
Rate is Rs.60.50 Hence Tally will assumes the Dollar Vs Indian Currency Rate.
Import Purchase -> Advance Payment Transactions
14. Now Let us Transact Purchase Imports Entry.
In the Purchase Entry Field
Set Date -> Use Key F2 -> 1St April 2015
Type Suppliers Invoice No.123
Select Party Name ->From the List of Ledger Accounts -> “
KalaNikethan USA”
In the Previous Slides ,we have selected the Party Foreign
Seller KalaNikethan USA.
Enter to the next filed ….
In Purchase Ledger Field -> Select “Purchase : Imports”
From the List of Ledger Accounts
View Next Slide Enter…
Import Purchase -> Purchase Import Transactions
15. After Selecting the Inventory Stock Item” Remote Video Camera” Enter To Drop-Down, the below Item
Allocations will appear refer Slide No.1 .
Godown …Select -> Main Location.
Enter to Next Field …Quantity-> Set 1 (No)
Enter to Next Field Rate -> Set Symbol $ ( US Dollars) and Type .10520-00.
Tally Automatically Calculates the sum $.10520-00 x Rs.61.50 = Rs.6,46,980-00.
Watch below slides (1) & (2)
Previous Slide
Import Purchase -> Purchase Import Transactions
16. This Purchase Entry Transactions exposes about
How to set Dollar in Amount Field.
Then how to implement the Forex Rate of Exchange on current date.
We can any time change the Forex Currency Rate of Exchange in the Pop-Up Dialogue Box
Purchase Invoice USD Currency Value is $.10,520-00
Multiple by Rate of Exchange Rate Rs.61.50.
Total Indian Currency Value is Rs.6,46,980-00.
Import Purchase -> Completion of Purchase Import Transactions
17. Legend
The above statement describes about US Dollar Vs Forex Exchange Rate -> Indian Currency Value.
If Forex Exchange Rate will Increase, simultaneously Indian Value will increase. Resulting Indian Exporters will benefit the Forex Exchange Gain.
If Forex Exchange Rate will Decrease , simultaneously Indian Value will Decrease. Resulting Indian Importers will suffer the Forex Exchange Loss.
The above slide describes about the Unadjusted Forex Gain / Loss Amount is Rs.10,520-00
This transactions ends with Forex Gain / Loss.
Party Account Automatic Difference Amount -> Unadjusted Forex
Transactions
18. This Slide narrates about the Unadjusted Forex Gain / Loss
Account of Party Ledger -> KalaNikethan USA
Payment made in Debit Side Shows -> $10,520-00…@ Forex Rate 60.50 ..INR Value Rs.6,36,460-00
Purchase Entry in Credit Side Shows-> $ 10,520-00…@ Forex Rate 61.50 ..INR Value Rs.6,46,980-00
The above slide describes about the Unadjusted Forex Gain / Loss Amount is Rs….10.520-00.
This transactions ends with Forex Gain / Loss.
Ok. Let us Activate the Unadjusted Forex Gain/Loss in Party Ledger Account…Press Enter to View the Ledger
Account of Forex Gain / Loss. Slide Below..
Notes ->
Debit -> Party Account
Credit -> Forex Gain / Loss Account
Party Account Automatic Difference Amount -> Unadjusted Forex
Transactions
19. This Slide narrates about the Unadjusted Forex Gain / Loss
Account of Party Ledger -> KalaNikethan USA
Payment made in Debit Side Shows -> $10,520-00…@ Forex Rate 60.50 ..INR Value Rs.6,36,460-00
Purchase Entry in Credit Side Shows-> $ 10,520-00…@ Forex Rate 61.50 ..INR Value Rs.6,46,980-00
The above slide describes about the Unadjusted Forex Gain / Loss Amount is Rs….10.520-00.
This transactions ends with Forex Gain / Loss.
After Passing the Forex Gain / Loss Adjustment
The Un Adjusted Forex Gain / Loss Account Turned as “ Forex Gain / Loss
Refer the Forex Gain / Loss in
Profit & Loss Account.
Party Account Automatic Difference Amount -> Unadjusted Forex
Transactions