How to create Contra Entry?

 

How to Perform Contra Entries with AntMyERP

AntMyERP makes managing inter-account payments simple and efficient with the Contra Entry feature. Contra entries are used when transferring funds between two banks or from a bank to PTC, ensuring that all internal payments are accurately recorded. To get started, navigate to the Finance Module and click on Finance. The left-hand icons will update, and you will find the Contra Entry option.

Clicking on Contra Entry displays a list of all existing entries including details such as voucher number, date, credit and debit accounts, amount and the users who created or updated the entry. To create a new entry, click the plus icon which opens the contra entry form.

In the form, first select the date of the entry. Then choose the accounts involved—for example, transferring money from ICICI Bank to Ant Bank. Enter the amount being transferred, along with a narration and any internal remarks for context. The system also allows you to attach supporting files if required. Once all fields are completed, click Save and the contra entry will appear in the index view.

Each entry includes a voucher number and can be clicked to view full details. The voucher can also be downloaded or shared with relevant stakeholders for transparency and record keeping.

With AntMyERP, performing contra entries is streamlined, reducing errors, maintaining accurate accounts, and improving the efficiency of internal fund transfers.

Start managing your internal payments effortlessly with AntMyERP and keep your finance operations organized and error-free.