The Contra Voucher is used to indicate transfer of funds from
| • | Bank account to Cash account |
| • | Bank account to Bank account |
| • | Cash account to Bank account. |
However, for users who wish to use the Payment and Receipt vouchers for this nature of transaction, Tally has the flexibility of defining Payment and Receipt behaviour as per Contra voucher.
| 1. | Go to Gateway of Tally > Accounting Vouchers |
| 2. | Select F5: Payment from the Button Bar or press F5. |
| 3. | Activate the option Use Payment/Receipt as Contra to Yes in F12: Configuration screen. |
| 4. | Accept the screen and save. |
The Screen appears as shown.
If Use Payment/Receipt as Contra option is set to No in F12: Configure screen, the cash and bank accounts will not be displayed.
