Cash contra

Create Cash Contra entry

You can manage your Cash Contra  entry under Accounting  → Journal entry

You can create Cash Contra entry to update the Intercompany netting to offset receivable and payable between two different entities/subsidiaries of a company so that one final amount remains among them.

How to record Cash Contra entry transaction 

Click on New Cash Contra  button to create Cash Contra entry.

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Fields Description

Date

Date of the Cash Contra entry created

Contra No 

Cash Contra No which is auto generated and non editable.

Account

Choose the Cash or Bank Account to be debited and Account to be credited

Debit 

Enter the amount to be debited for the Account.

Credit

Enter the amount to be Credited for the Account.

Description

Enter the Description for the amount to be Debited or Credited.

Notes

Enter the narration of the Cash Contra entry in Notes.

Note: Total Amount debited should be equal to the amount credited.