Software Development Exam > Software Development Videos > Tally ERP 9: Complete Training > Tally.ERP 9 Tutorial - Multicurrency recording between USA and Singapore
Tally.ERP 9 Tutorial - Multicurrency recording between USA and Singapore Video Lecture | Tally ERP 9: Complete Training - Software Development
FAQs on Tally.ERP 9 Tutorial - Multicurrency recording between USA and Singapore Video Lecture - Tally ERP 9: Complete Training - Software Development
| 1. What is Tally.ERP 9 and how does it help in recording multicurrency transactions between USA and Singapore? |  |
Ans. Tally.ERP 9 is a popular accounting software that helps businesses in managing their financial transactions. It allows for recording multicurrency transactions between USA and Singapore by providing features such as currency conversion, exchange rate update, and accurate reporting of financial data in multiple currencies.
| 2. Can Tally.ERP 9 automatically update exchange rates between USA and Singapore? | |
Ans. Yes, Tally.ERP 9 has a built-in feature that allows for automatic updating of exchange rates between different currencies, including the currencies of USA and Singapore. This ensures that the recorded transactions are always updated with the latest exchange rates, providing accurate and real-time financial information.
| 3. How can I record a multicurrency transaction in Tally.ERP 9 between USA and Singapore? | |
Ans. To record a multicurrency transaction between USA and Singapore in Tally.ERP 9, you need to first enable multicurrency feature in the software. Then, you can create a voucher entry and select the appropriate currencies for the transaction. Tally.ERP 9 will automatically convert the amounts based on the exchange rates and update the respective ledgers accordingly.
| 4. Does Tally.ERP 9 support multiple methods for currency conversion between USA and Singapore? | |
Ans. Yes, Tally.ERP 9 provides flexibility in choosing the method for currency conversion between USA and Singapore. It supports multiple methods such as standard rate, daily rate, and user-defined rates. This allows businesses to select the most suitable method based on their requirements and preferences.
| 5. Can Tally.ERP 9 generate reports in multiple currencies for transactions between USA and Singapore? | |
Ans. Yes, Tally.ERP 9 can generate reports in multiple currencies for transactions between USA and Singapore. It provides comprehensive reporting features that allow businesses to view financial data in their preferred currency, making it easier to analyze and monitor the performance of their international operations.
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Oct 24, 2024 Last updated |
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