Following the earlier post on ledger account creation in Tally.erp 9 for recording forex transactions/export -import we have seen how to create basic ledgers and account set up to record such transaction.
Today, we will see how to enter vouchers relating export sales/purchases in a foreign currency other then INR
UPDATE : (As on 13th April, 2010) Since rapidshare is now more supporting free downloading, please read my updated article for recording multi currency transaction in tally.erp 9
Those who are in the business of export/import they have to record each export/imports in a USD $ because as per Income Tax Act, a business unit must specify the profit/loss on any forex transactions, so if you don’t’ record mufti currency then you will not be able to maintain your accounts properly
Here is the link to download screen shots for voucher entry in a foreign currency
Some other time, I will explain you how to pass a journal entry record profit or loss on account of such forex transactions on a particular date.