2.3.2 Base Currency Information
Tally.ERP 9 need to know the default currency for the company and how 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 currency mentioned Enter Paise.
Show amounts?
Tally ERP 9 caters to currencies where the different parts of large amounts are called by special names By default, this s set to No.
Put a space between amounts and symbol?
By defoult, this is set to Yes.
Decimal Places for Printing Amounts in words
You can specify the number of decimal places to print the amount in words. This number should be equal to or lesser than the number specified in Number of Decimal places field
Let us create a company in Tally.ERP 9 taking the example of National Traders who purchases customers. Create a Computer equipment, components and software and sells it to other companies and to the direct customers. Create a Company as per information provided below:
Go to the Gateway of tally >Company Info>Create Company
Enter the following information to create a company:
- Press Y or Enter to accept the screen.
