Implementation Updated by Implementation

What is Contra Entry?

A contra entry is recorded when the debit and credit affect the same parent account and resulting in a net zero effect to the account. These are transactions that are recorded between cash and bank accounts.


Contra entry is mostly used for cash withdrawals, cash deposits in bank accounts and intra transaction between bank accounts of same parent company. Contra is mainly used for zero value effect on accounts of a company.

Use Case

Suppose there is a firm “XYZ Ltd”. They are a manufacturing firm and have lots of accounts in different banks and due to that they have to transfer money from 1 account to other account.

With help of this option user can post contra entry with 0 value effect on accounts.

Steps to be performed to create Contra Account

1.Go to Cash & Bank

2.Click on Contra

3.Enter required details and click on save & continue

3.1.Simulation is opened on page. Click on save button

3.2.After saving document, if user want to print the document then please click on “Yes Print It’.


5. Edit-> Click on edit and select document number from dropdown.

5.1.Make changes if required and save the document

6. User can save bulk entries with the help of CSV. Go in Contra and click on Import option (marked in below screen shot). The pop up will open and user can download the sample file.

6.1.IN CSV: User will start entering data from 3rd row because 2nd row is reserved for sample data and that will not be saved in system as transaction.

i)Enter serial number 1 for 1 entry. Like there are 3 ledgers will be used for 1 entry then serial number will be same for all ledgers. Serial number will become 2 only with start of second entry. ii) Under document type user can enter document code of all document. CT is the code of Contra iii) Enter Posting date & document date iv) Enter currency code v) Enter Posting Key vi) Enter Type of Account i.e. General Ledger in form of GL vii) Account id viii) Enter Amount.

6.2.Upload this csv and save the document.

How did we do?

Cash Receipt