29 November 2008
Good Day to All, We are in export business and using tally 9, whenever i book a sales entry AUTOMATICALLY MY tally shows some amount in unadjusted gain /loss. Normally after the receipt of the money only we can know whether it's gain / loss. CAN ANYBODY SOLVE THIS OR REFER ANY SUITABLE PERSON
In Order TO Resolve the above problem. Please follow below procedure,
Got to - Accounts info Currencies - Rates Of EXchange. Here Please Feed the std Rate of Exchange for particular day in which you are preparing the sales bill.
the problem that you are facing is due to rate of enchange not specified in the system, it calculates old rate as current rate and any variation in sale bill exchange rate and previous rate is callculated as forex gain or loss. bcos for tally if you do not specify daily exchange rate it considers the old rate as current .
CAclubindia
