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