Contra Voucher in Tally ERP9

When you do internal funds transfer from one bank account to other bank account or cash withdrawals from bank  or cash deposited in bank account in these cases you have to pass entry by using the contra voucher in Tally ERP9. It will not effect to the business like profit & loss account, just you are adjusting funds internally.

 

 

1.Transfer amount from one cash account to another cash account (Petty cash A/c)

 

Petty Cash A/c Dr

 

To Cash A/c

 

 

 

2.Transfer amount from one bank account to another bank account

 

ICICI Bank A/c Dr

 

To HDFC Bank A/c

 

(Being Amount Transferred from HDFC bank to ICICI bank)

 

 

 

3.Cash withdrawal from bank

 

Cash A/c Dr

 

To ICICI Bank

 

(Being Cash withdrawn from ICICI Bank)

 

 

 

4.Cash deposit in bank

 

ICICI Bank A/c Dr

 

To Cash

 

(Being Cash deposited into ICICI Bank)

 

 

 

Path: Gateway of Tally -> Accounting vouchers -> Select F4 for Contra

 

 

 

 

The above screen shot indicates cash withdrawn from the bank, here bank balance will reduce because you are drawing cash from the bank balance and the same amount will add to the cash balance.

 

 

The above screen shot indicates internal funds transfer among the internal bank accounts, in our example funds transferred from HDFC bank to ICICI bank, here amount will be debited (Less) in HDFC account and same amount credited in ICICI bank account.

 

 

 

 

Related Topics

 

Purchase Voucher in Tally ERP9

 

Sales Voucher in Tally ERP9

 

Voucher Type Creation in Tally ERP9