Recording Contra Entry in Double Entry Mode
Recording Contra Entry in Double Entry Mode
Recording Contra Entry in Double Entry Mode
The Contra voucher can be recorded using Double Entry mode where we have the option to select
multiple Debits and multiple Credits. To select multiple Debit and Credit ledgers in the Double entry
mode, set Use Single Entry Mode for Payment/Receipt/Contra to No in F12: Configure.
If you record the same entry (passed in single entry mode) in Double Entry Mode, it will be
displayed as shown:
In the Bank Allocation screen, users can select the mode of transaction from the List of Transaction
Type as shown:
By default, Cheque/DD will be selected.
When Cash is selected as the Transaction Type, a new screen – Cash Denominations.
The cash denominations entered here will be captured in the Cash Denomination details while
printing a Cash Deposit Slip for this transaction.
The Difference field will give the difference between the total and the sum of amounts specified for
the Denominations.
Note: If the cash is transferred to more than one bank, then for each bank a separate Cash
Denominations screen will appear.