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A contra account is addition account found in an account ledger that is used to cut down the value of a related account. A contra account’s common balance is opposite of the associated account. If a debit is recorded in a associated account, the contra account record also records a credit.

Filed Available:
Transaction Date:It need to specify the particular date to set.
Ledger From:It indicate to specify the particular name.
Ledger TO :It indicate to specify the particular name.
Amount:Enter amount.
Notes:To comment on ledger based on contra.
Create Contra:To process the contra button.

For example let us take as
Transaction Date:26/04/2017.
Ledger form: Bank.
Ledger To: Card.

Notes:Comment on deposit.
Process:Click on deposit to display create deposit screen and enter the Transaction Date,Select the Ledger’s form the list(bank to Cash (or) Cash to Bank),Amount and Notes and click on Create Contra button.For more information follow the below figure:
Figure for Contra


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