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2.3.2 Base Currency Information: Fundamentals of Tally - ERP 9

This document provides an overview of some key fundamentals and configuration settings in Tally.ERP 9. It discusses the two main types of accounts - financial accounts only and accounts with inventory. It also covers how Tally handles different date formats. The main part of the document describes the important base currency information fields that must be configured, including the currency symbol, name, decimal places, and formatting options like whether the symbol is prefixed or suffixed to amounts.

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69 views1 page

2.3.2 Base Currency Information: Fundamentals of Tally - ERP 9

This document provides an overview of some key fundamentals and configuration settings in Tally.ERP 9. It discusses the two main types of accounts - financial accounts only and accounts with inventory. It also covers how Tally handles different date formats. The main part of the document describes the important base currency information fields that must be configured, including the currency symbol, name, decimal places, and formatting options like whether the symbol is prefixed or suffixed to amounts.

Uploaded by

isaac
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Fundamentals of Tally.

ERP 9

Tally.ERP 9 will automatically adjust the spacing between the charac-


ters and lines entered to ensure that the details fit the space available.
Accounts Only: Financial Accounts of the company only
Accounts-with-Inventory: Both Financial Accounts and Inventory of
the company.
Tally.ERP 9 recognises a wide range of date formats, e.g. 1-4-09, 01/
04/09, 1 Apr 2009, and will convert what you enter, to a standard
format.

2.3.2 Base Currency Information


Tally.ERP 9 needs to know the default currency for the company and how the amounts should be
shown on the screen and in the reports.
BASE CURRENCY INFORMATION
Fields Description
Base currency symbol Pre-set as a default currency — Rs. (as
specified earlier).
Formal name Complete name for the currency symbol.
By default, this is set to Indian Rupees.
Number of decimal places By default, this is set to 2.
Is symbol suffixed to amounts? By default, this is set to No. For example,
in India, we place the Rs symbol in front
of amounts.
Symbol for Decimal Portion Enter the decimal portion for the cur-
rency mentioned. Enter Paise.
Show amounts in millions? Tally.ERP 9 caters to currencies where
the different parts of large amounts are
called by special names. By default, this
is set to No.
Put a space between amounts and symbol? By default, this is set to Yes.
Decimal Places for Printing Amounts in You can specify the number of decimal
words places to print the amount in words. This
number should be equal to or lesser than
the number specified in Number of Deci-
mal places field.

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