Tally 9- exchanage rate issue !
This query is : Resolved
27 July 2011
When I open the multi currency ledger Cash a/c and press f12-show only forex !
The forex amount, doesnt match with the primary amount.
For example...My primary currency should be 100rupees, for 1usd (secondary currency).
SO its showing 5000rupees for 1usd ... when i press f12 and click show forex only...the usd is ok, but the rupees is too high !
Its not going as per the prevailing exchange rate...
did you guys get me ? or should i show you some screenshots ?
guys plz help me out !
The forex amount, doesnt match with the primary amount.
For example...My primary currency should be 100rupees, for 1usd (secondary currency).
SO its showing 5000rupees for 1usd ... when i press f12 and click show forex only...the usd is ok, but the rupees is too high !
Its not going as per the prevailing exchange rate...
did you guys get me ? or should i show you some screenshots ?
guys plz help me out !
27 July 2011
Go to the edit mode for rectification in basis data of the company where you are to put in rupees or multiple currency and correct it accordingly
28 July 2011
you didnt understand me i think...
its already in multi currency !
all my transactions hv done it in multi currency with inputting exchange rate in each transaction..
its already in multi currency !
all my transactions hv done it in multi currency with inputting exchange rate in each transaction..
31 July 2011
In tally Foreign exchange will not covert automatically, we need to pass the entry. what ever the entry passed in foreign currency, it will show the entered currency only
31 July 2011
thn how much theres multi currency feature in tally ?
And when I do foreign currency transactions it asks me for the exchnge rate and converts to my local currency !
JUST NOW, i just need to resolve this problem...I want my account to match exactly with the foreign currency ! plz give me a short cut method to do it !
And when I do foreign currency transactions it asks me for the exchnge rate and converts to my local currency !
JUST NOW, i just need to resolve this problem...I want my account to match exactly with the foreign currency ! plz give me a short cut method to do it !
26 July 2025
Got it! You're using Tally 9’s multi-currency feature, and you notice that the foreign currency amounts (like USD) show correctly, but the corresponding local currency (INR) values don’t match your expected exchange rate — e.g., showing 5000 INR instead of 100 INR for 1 USD.
Here’s what’s happening and how to fix it:
---
### Why this happens:
* **Tally records the INR amount based on the exchange rate you enter per transaction.**
* If the exchange rate entered during the transaction is incorrect or inconsistent, the INR amount won’t match your expected conversion.
* There is **no automatic or real-time forex rate update** in Tally. You must enter the correct exchange rate for each transaction manually.
* If you changed exchange rates after entering vouchers, older entries won’t update automatically.
---
### How to fix it:
1. **Verify Exchange Rates at Voucher Entry:**
* When passing foreign currency transactions, Tally prompts you to enter the exchange rate.
* Double-check the exchange rate you input matches the current prevailing rate you want (e.g., 1 USD = 100 INR).
2. **Correct Existing Transactions:**
* If older transactions have wrong exchange rates, you need to edit those vouchers and update the exchange rates manually.
* There’s no bulk auto-update feature in Tally 9 for exchange rates.
3. **Check Currency Master Settings:**
* Go to **Gateway of Tally > Accounts Info > Currencies > Alter** and check if the base currency and foreign currency are set properly.
* Confirm that the currency symbol, decimal places, and conversion factors are correct.
4. **Using F12 Settings:**
* When viewing foreign currency ledger or reports, press **F12 (Configure)** and check options related to currency display and conversion.
* You can toggle between showing local currency, foreign currency, or both.
5. **Shortcut Tip:**
* There is no “auto-sync” for forex rates in Tally 9 — every voucher’s exchange rate must be entered at the time of transaction.
* To quickly fix multiple transactions, export the vouchers, update exchange rates outside, and import back — but this requires advanced data handling.
---
### Summary:
* Multi-currency feature works well but depends 100% on **manual entry of correct exchange rates per transaction**.
* To fix mismatched local currency values, **edit the vouchers and correct the exchange rate field**.
* No automatic conversion sync exists in Tally 9, so routine update is manual.
---
If you want, you can share a screenshot or example transaction details — I can help you identify if the exchange rate entered was off or suggest a precise fix!
Here’s what’s happening and how to fix it:
---
### Why this happens:
* **Tally records the INR amount based on the exchange rate you enter per transaction.**
* If the exchange rate entered during the transaction is incorrect or inconsistent, the INR amount won’t match your expected conversion.
* There is **no automatic or real-time forex rate update** in Tally. You must enter the correct exchange rate for each transaction manually.
* If you changed exchange rates after entering vouchers, older entries won’t update automatically.
---
### How to fix it:
1. **Verify Exchange Rates at Voucher Entry:**
* When passing foreign currency transactions, Tally prompts you to enter the exchange rate.
* Double-check the exchange rate you input matches the current prevailing rate you want (e.g., 1 USD = 100 INR).
2. **Correct Existing Transactions:**
* If older transactions have wrong exchange rates, you need to edit those vouchers and update the exchange rates manually.
* There’s no bulk auto-update feature in Tally 9 for exchange rates.
3. **Check Currency Master Settings:**
* Go to **Gateway of Tally > Accounts Info > Currencies > Alter** and check if the base currency and foreign currency are set properly.
* Confirm that the currency symbol, decimal places, and conversion factors are correct.
4. **Using F12 Settings:**
* When viewing foreign currency ledger or reports, press **F12 (Configure)** and check options related to currency display and conversion.
* You can toggle between showing local currency, foreign currency, or both.
5. **Shortcut Tip:**
* There is no “auto-sync” for forex rates in Tally 9 — every voucher’s exchange rate must be entered at the time of transaction.
* To quickly fix multiple transactions, export the vouchers, update exchange rates outside, and import back — but this requires advanced data handling.
---
### Summary:
* Multi-currency feature works well but depends 100% on **manual entry of correct exchange rates per transaction**.
* To fix mismatched local currency values, **edit the vouchers and correct the exchange rate field**.
* No automatic conversion sync exists in Tally 9, so routine update is manual.
---
If you want, you can share a screenshot or example transaction details — I can help you identify if the exchange rate entered was off or suggest a precise fix!
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