(1) In this blog, we will see how to create and post Contra Voucher. There are two ways to open “Contra Voucher”, as shown.
Go to the “Voucher Interface” and select “ContraVoucher”.
Go to the search bar and type “Contra Voucher”, as shown.
(2) After that the “Contra Voucher” opens and enters the information. In the below screenshot, we entered Expenses booked and crediting vendor, as shown.
Example-001: Bank to Bank
Bank-001debited → X Amount Dr.
Bank-002 is credited → X Amount Cr.
Example-002: Cash to Cash
Cash-001 credited → X Amount Cr.
Cash-002 is debited → X Amount Dr.
Example-003: Bank to Cash or Cash to Bank
Bank-001 credited → X Amount Cr.
Cash-002 is debited → X Amount Dr.
Field Name
Field Description
Importance
Batch Name
Specifies the name of the journal batch (discussed in the “Overview of Vouchers” blog).
Mandatory
Posting Date
Specifies the entry’s posting date.
Mandatory
Document Type
Specifies the type of document that the entry on the journal line is.
Optional
Document No.
Specifies a document number for the journal line.
Mandatory
Account Type
Specifies the type of account that the entry on the journal line will be posted to.
Mandatory
Account No.
Specifies the account number that the entry on the journal line will be posted to.
Mandatory
Account Name
Specifies the account name that the entry on the journal line will be posted to.
Mandatory
Description
Specifies a description of the entry.
Mandatory
Amount
Specifies the total amount that the journal line consists of.
Mandatory
Bal. Account Type
Specifies the code for the balancing account type that should be used in this journal line.
Mandatory
Bal. Account No.
Specifies Account from the list.
Mandatory
(3) After entering the journal, now go to the “Process” → ”Voucher Narration”, as shown.
(4) Voucher Narration page opens and enters narration and closes the page, as shown.
(5) After that go to the “Post/Print” → Post the entries shortcut Keys is F9 and press Yes, as shown.
(6) Entries posted and go to the “General Ledger Entries” and take a printout of that entry as shown.
(7) Only Bank or Cash accounts can be allowed in Contra Voucher.