Contra Voucher And Payment Voucher In Tally

Contra Voucher: Contra Voucher is for entering Fund Transfer where net inflow and outflow are equal i.e. net effect is Zero. You can enter transaction between Cash and Bank Accounts only.

Example: Following transactions should be entered in Contra Voucher:

1. Cash deposited into Bank: cash Outflow, equal inflow at Bank Account 

2. Cash withdraw from Bank: Outflow Bank Account, equal Cash Inflow. 

3. Cheque of one Bank deposited to another Bank: Outflow from one Bank Account, equal Inflow to another Bank Account.

4. Cash given to/received back from Petty Cash: Outflow from one Cash Account, equal Inflow to another Cash Account.

Press F4 at the Voucher Entry Screen to enter a Contra Voucher.

Voucher Rules: The entries in Contra Voucher follow the rule show below.

Particular                           Debit                Credit

Cr Source of Funds                                (Amount)

Dr Destination of Funds  (Amount)

Background Colour of Voucher Screen : White

Entry Rules: The first entry is always credit. From 2nd entry onwards you may select Dr or Cr. List of Ledger Accounts Pop-up would display only the ledgers placed under Cash, Bank Accounts and Bank OCC group at all entries. Multiple Debit & Credit may be entered.

We recommend 2 separate vouchers as source documents (Pay-in-slips) are different. This will help to reconcile Bank Accounts property.

Payment Voucher: All transactions related to Payment are recorded in Payment Voucher. Such Payments may be towards Purchase, Expenses. Acquisition of Fixed Assets. Dues to Creditor, Loans/Advances given by you or repayment of Loans/Advances taken by you earlier etc.

Press F5 at the Voucher Entry screen to make a Payment Voucher.

Voucher Rules: Payment Voucher follows the rules as stated below:

Particular                        Debit                   Credit

Dr Ledger Account        (Amount) 

Paid to 

Cr Cash/Bank Account                         (Amount)

Background Colour of voucher screen: Yellow

Entry Rules: The first entry is always Debit and second entry onwards you may specify Debit or Credit. In a Payment Voucher at least one ledger Account placed under the Cash in Hand Bank Accounts or bank OCC Group must be credited, else the voucher will not be accepted. You can make multiple entries in a single voucher.

If you activate the option Use Payment/Receipt Voucher as Contra under F12: Configure. Fund Transfer entries can also be made in Payment Voucher. If you like to print Cheques for Fund Transfer, you should enter such transactions in Payment Voucher as Cheque Printing facility is available only for transactions entered in Payment Voucher.