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