What is contra?

The term “contra” implies a contrary or opposite action, and in the context of billing software, a contra voucher records transactions where funds are transferred or moved from one account to another within the same organization. These transactions often involve movement between a company’s bank accounts, between cash and bank accounts, or between different branches or divisions of the same company.

• Open logicview erp application
• Log into the application
• Open the company
• Select accounting menu
• Click on contra option
• Select By (Cr) account ex: bank ledger
• Select To (Dr) account ex: cash ledger
• Enter the amount
• Click on save