Understanding Contra

Contra Entry means transactions that take place when cash is deposited or withdrawn from cash or bank to cash or bank. These transactions show effect in the cash and bank balances of the company and do not impact its financial position.



Navigate to Settings > User Roles.

Select the employee you want to give Contra Permission to and scroll to the right.

Select Edit option from the Action dropdown menu.

Go to the Permissions tab.

Enable all the permissions related to Contra under Account Contra.

Click on Save.


Making a Contra Entry

Navigate to Left Menu > Finance > Finance.

This will take you to the next page. Select Contra option from the left menu.

Click on the plus button in the top right corner.

Select the account from which transfer of money is made and received in the respective fields.

Enter the amount to be transferred.

Enter any description of the transaction under the Narration field if required.

Fill the other fields wherever required and click Save.

This transaction will now be displayed in the contra entry index page.

Note: The options under the Action column can edit, download, print or delete the transaction.


Previous Page
 Receipt Management
Next Page
Journal Entries
Go Up