Contra

As per the accounting principles, a contra entry is a transaction involving transfer of cash between one cash A/c to another and one cash A/c to another bank A/c, it is a transaction indicating transfer of funds from

• Cash account to bank account.
• Bank account to cash account.

Step 1 > Go to “Contra” under “Accounting” tab.

Step 2 > Click on “Add Contra”.

Step 3 > Select Contra under Contra type   

Step 4 > Add a note for your reference

Step 5 > Key in the amount.

Step 6 > Select the date

Step 7 > Select the Bank/Cash in from, column

Step 8 > Select the Bank/Cash into column     

Step 9 > Finally click on “Create