Practice
4668 Points
Joined November 2024
Steps to Resolve:
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Review the entries: Go to Display → Account Books → Ledger → Forex Gain/Loss and drill down to see which transactions are contributing to the balance.
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Correct the vouchers: Open the vouchers where currency was missing or wrong and reselect the correct foreign currency with accurate rate.
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If needed, reverse incorrect entries and re-enter them properly.
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You can also pass a Journal Voucher to manually write off or adjust the forex gain/loss balance, if it's confirmed as an error.
To prevent this in the future, always ensure:
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Multi-currency is enabled.
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Correct currency is selected in ledger and voucher.
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Proper exchange rates are used.
To make this entire process accurate and easy, you can use XLTool – Excel to Tally Import Tool. It allows error-free voucher import with correct currencies and rates directly from Excel.
Download Link: https://xltool.in/excel-to-tally-import/