HomeTallyPrimeAccountingContra Entry
Keyboard Shortcuts
Getting Started
Release Notes

 

Table of Contents

 

 PDF

Record a Contra Entry in TallyPrime

Last updated on: November 2, 2026 | ⏱ 3 min read

A Contra entry records the movement of money within your own business accounts, such as cash deposits, cash withdrawals, or bank‑to‑bank transfers. You can record all such transactions using Contra vouchers in TallyPrime.

You can also use the Payment or Receipt voucher as needed to record transfer of funds from one bank to another.

Before you begain | Prerequisites

Ensure that:

  1. Cash and Bank ledgers are created and available for selection.
  2. Bank Allocations is enabled if you need to enter bank or cheque details.
  3. Cash Denominations are enabled if you will provide denomination details for cash transactions.
  4. If you receive foreign currency and want to deposit it into your bank account:
    1. Create the currency master.
    2. Enter the foreign currency amount by prefixing the currency symbol in the Amount field.
    3. Enter or adjust exchange rates as required while recording the Contra voucher.

Record Contra Entry Using Contra Voucher

  1. Press Alt+G (Go To) > Create Voucher > press F4 (Contra).
  2. Press F2 (Date) if you want to change the voucher date.
    By default, the Single Entry mode is selected.
  3. Debit the account that is receiving the amount, and credit the account from which the amount is being withdrawn.
    • For Single Entry mode: Default
      1. Select the Cash/Bank ledger account that you want to debit in the Account field.
      2. Select the account that you want to credit and enter the amount.
        You can deposit money from more than one account to a single destination account.
    • For Double Entry mode: Press Ctrl+H (Change Mode) > Double Entry.
      1. In the Cr field, select the source ledger account that you want to Credit.
      2. In the Dr field, select the destination ledger account that you want to Debit.
  4. Specify the bank, cheque, or cash details, as required.
    • For banks and cheques, specify the details in the Bank Allocations screen.
    • For cash, specify denomination details in Bank Allocations > Cash Denominations.
    • If you deposit cheques in the bank for internal money transfer and collect the deposit slip, you can track such deposit slips in TallyPrime and print them when needed.
  5. Provide Narration, if any, and press Ctrl+A to save.

Record Contra Entry Using Payments/Receipt Vouchers

In the Payment voucher:

  1. Under Account (Dr), select the bank account from which the money is being transferred.
  2. Under Particulars (Cr), select the bank account where money is being received.

Similarly, in the Receipt voucher:

  1. Under Account (Dr), select the bank account that is receiving the money.
  2. Under Particulars (Cr), select the bank account from which the money is being transferred.

You can also use the double entry mode, if needed, in the Payment and Receipt vouchers to record the contra entry. 

Is this information useful?
YesNo

Related Topics

TallyHelpwhatsAppbanner
Is this information useful?
YesNo
TARA