Create Contra Voucher for Transactions Entries
How to Create Contra Voucher in SwilERP
What is a contra voucher?
A contra entry is any transaction involving a cash transfer between one cash a/c to another, and one cash a/c to another bank a/c, or one bank account to another. Contra entry is a transaction that involves both cash and bank. The debit and credit aspects of a transaction are reflected in the cash book. For example, cash received from debtors and deposited into the bank.
In the other way, a contra entry is when internal funds transfer from one bank account to another, cash is withdrawn from a bank, or cash is deposited in the bank account. In SwilERP, users can easily create a contra voucher from the accounts section. Also, keep the records for entries passed in the accounting books.
Follow the below-given process to create a contra voucher
Login in SwilERP dashboard to initiate the process
- Go to the Accounts> Transactions> Voucher> Contra voucher.
Here are the steps to create contra voucher
A new window of creating contra voucher will appear in next slide, update the following details to create it:
- The process to do Debit entry:
- Select the Account name from which account you want to debit the amount. (For example- you selected cash in hand account)
- Now, enter the amount in Debit column.
- If users want to update narration, then edit it in the Narration column.
- The process to do Credit entry:
- Select the Account name as your bank name from which you want to create the entry.
- The Credit amount is automatically filled in the dialog box.
- Save the window with the given option.
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