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How to use Contra Voucher in Tally

Contra voucher is an important accounting voucher. Contra voucher allows you to make an entry which is related to cash and bank both. Like Cash deposited into your bank account, Cash withdrawals from your bank account either from Cheque / DD / ATM or any other media and also you can make entry to transfer amount from one bank account to another bank account using this voucher.

Dear Friends, you know very well that Tally is accounting cum inventory software which provide different accounts, inventory features which different taxation part. At present time Tally is used out of 100 countries due to its user friendly nature. You can also prepare payslips, attendance sheet and many more in the payroll report. Tally is widely used in different countries due to its user friendly features. After reading this article you will be able to use Contra voucher in Tally.

Contra voucher in Tally:

Voucher Types in Tally:

There are 18 vouchers already created in Tally software, which is divided into two parts:
1. Accounting Vouchers
2. Inventory Vouchers

Must Read: How to restore or delete line during voucher entry in Tally

Accounting Vouchers:

There are 10 accounting vouchers already created in Tally software. You can create, delete or modify other vouchers as per your requirement.

Inventory Vouchers:

There are by default 8 inventory vouchers are automatically created in Tally software. You can create, delete or modify other vouchers as per your requirement.

Today we talk about one of the most important accounting voucher which name is “Contra Voucher” in Tally. Contra voucher is used when you deposit any cash in bank account or cash withdrawal from bank account by Cheque/DD/ATM or Fund transfer from one bank account to another bank account by Cheque/DD. You have to press F4 function key to activate this type of voucher in tally accounting software.

Contra Voucher (F4):

With the help of contra voucher you can make entry which is related to cash and bank both. Like Cash deposited into your bank account, Cash withdrawals from your bank account either from Cheque / DD / ATM or any other media and also you can make entry to transfer amount from one bank account to another bank account using this voucher.

Exp: Cash Deposited in to SBI Rs. 25000/-
Cr. Cash 25000
Dr. SBI 25000

Contra-Voucher

Exp: Cash withdrawal from SBI Rs. 1000/-
Cr. SBI 1000
Dr. Cash 1000

Contra-Voucher

Exp: Fund Trf. from SBI to PNB Rs. 2000/-
Cr. SBI 2000
Dr. PNB 2000

Contra-Voucher

Must Read: How to use Reversing Journal Voucher in Tally

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