How to Record a Contra Entry in Tally
The purpose of a contra entry is to record the movement of funds within an organization, such as depositing cash into a bank, withdrawing cash from a bank, or transferring money between different bank accounts.
Follow the steps Below
Step 1: Change Individual Transaction Type
- Simply click on "Payment" or "Receipt" beside the transaction.
- A drop-down menu will appear with the options "Contra Withdraw" and "Contra Deposit". Select as per your requirement and save.
Step 2: Change Transaction Type in Bulk
- First filter the desired data.
- Select your Transactions.
- Use the "Transaction Type" option available under bulk operations, as shown in the above image.
- Click on OK for the confirmation.
