Working with Multi-Currency in Tally

Importing FOREX entries in Tally

Some excel templates provided with udiMagic software contain a column to specify the CURRENCY. Here's how you can use these templates for importing FOREX as well as BASE currency transactions in Tally ERP.

1. Keep the CURRENCY column blank, if you want to upload a voucher in base currency.
2. For FOREX entries, specify the CURRENCY name or symbol in the currency column. Please note that the there must be NO space in the Currency symbol.

Valid Currency Symbol : USD
Invalid Currency Symbol : US Dollar

Important Note
1. The symbol "US Dollar" has a space and hence is invalid.
2. It is advised that you manually create the Currencies in Tally ERP before importing the FOREX entries.
3. The Currency Symbol must be ASCII character(s). Example: Don't use the Indian Rupee symbol which is a Unicode symbol; instead use "INR" or "Rs" as the Currency Symbol.
4. Tally ERP does NOT allow spaces in the Currency Symbol.

Convert from Perpetual to Subscription license

How to convert udiMagic Perpetual license to Subscription license?

To convert your udiMagic Perpetual license to Subscription license, follow the underneath steps :

1. Log in into the Customer dashboard [https://www.rtslink.com/customer/] using your Serial and Key.
2. Next, select the tab "License Mgmt"
3. Next, click the "Buy Now" button under the Panel "Conversion from Perpetual to Subscription License"
4. Upon successful payment, your Perpetual license is converted to Subscription license.

NOTE
Subscription licenses are less expensive than Perpetual licenses and are cost-effective option. 

Entries not shown in Bank Reconciliation

Entries missing in Tally Bank Reconciliation

Problem description

When we import the Bank payment or receipt entries with transaction-type as "e-Fund transfer" in Tally, these entries are not shown in the Bank Reconciliation statement.

Solution

In the transaction type column in the Excel sheet, specify "Same bank transfer" or "Inter bank transfer" instead of "e-Fund transfer" and then retry import the XLS into Tally.

udiMagic v10 Release 1.9

Excel Template Modifications

Compound Unit in StockItem Master

Template : Master-StockitemMaster.xls
Description : This template now includes new fields/columns for specifying "Compound Unit" details viz "First Unit, Conversion Factor, Second Unit"

Multi-line Address in Employee Master

Template : Master-Employee.xls
Description : This template now includes additional columns to specify the Employee Address.

Template fixes

Template : Vouchers-V10-Journal-with-multiple-references.xls
Description : The "IsCostCentreOn" feature is NOT enabled automatically for the newly created ledgers. This bug has been now rectified.

Customer dashboard

The Customer dashboard now includes a new option :

Renewal
udiMagic users can now Renew their Subscription based licenses using this option and avail additional benefits.

Renewal of subscription has to be done on or before the expiry of the existing subscription period.

Users can login into the Customer dashboard using the underneath link :
https://www.rtslink.com/customer/

3 ways to Import data in Tally

Different methods to import Excel data in Tally

There are several ways to import excel data in Tally using udiMagic software. Watch the videos (links given at bottom) to know more.

1. Copy/paste data in Standard template

You can put your data in the Standard templates using copy/paste or can manually enter it. However, this may be tedious if the data is voluminous.

STEPS

• Copy/paste from your Excel file into the Standard template
• Import data from Standard template into Tally ERP

2. Mapping (in Standard Excel template)

In this case, you once map the columns in the Standard EXCEL template. Next, the data is copied from your Excel sheet to the Standard template with a single click. You can then import data from the Standard template into Tally using udiMagic. 

STEPS

• Map the columns in Standard template
• Transfer data from your Excel file into Standard template with a single click
• Import data from Standard Excel template into Tally ERP

See Video (English) :  https://www.youtube.com/watch?v=4bmfRXlQXKc

See Video (Hindi) : https://www.youtube.com/watch?v=X-J9X4iSIpI

3. Mapping (in udiMagic Software)

In this case, you once map the columns in the udiMagic Sofware itself. You can then import data directly from your Excel sheet into Tally using udiMagic.

STEPS

• Map columns in udiMagic software
• Import data directly from your Excel file into Tally ERP

See Video: https://www.youtube.com/watch?v=8axVdhAJ6zM

Excel opening blank when you double-click a file icon or file name

Symptoms

When you double-click an icon or file name for a Microsoft Excel workbook, Excel starts but displays a blank screen where you expect the file to appear.

Resolution

Please refer this link to resolve the issue:
https://support.microsoft.com/en-in/help/2994633/excel-how-to-troubleshoot-excel-opening-blank-when-you-double-click-a

Alternatively,  restart your system and then try opening the Excel file.

Notes:
The above occasionally happens when you import data from Excel to Tally ERP.