As per accounting rules , contra entry is a transaction indicating transfer of funds from.. (1)Cash Account to Bank Account (Cash Deposit) (2) Bank Account to Cash Account (Cash Withdrawal) (3) One Bank Account to another Bank Account (Bank Transfer).
It is for adjustment between any two ledgers. No outside parties, like Debtors, Creditors, Branches / Divisions are involved. These are for rectification entries in which as any kind of adjustment for non-cash or bank transactions are recorded here.
This is a non-accounting voucher and the entries made using it will not affect your accounts. That is, TallyPrime does not post these entries to ledgers but stores them in a separate Memorandum Register.
Press Ctrl+L (Optional) to make the voucher as Optional Voucher
This is another non-accounting voucher. However, it differs from the Memo voucher in that it is not a separate voucher type. You mark an existing voucher, (e.g., a payment voucher or a receipt voucher) as ‘Optional’.
Physical Stock Voucher is used for recording the actual stock which is verified or counted. It could happen that the Book Stocks and the Physical Stock do not match. It is not unusual that the company finds a discrepancy between actual stock and computer stock figure.
While entering vouchers, you can mark them as Post Dated by using CTRL+T, as a result these vouchers are not updated in the ledgers till the date specified in the voucher. This is useful for entering transactions that take place on a regular basis.
Stock journal is a journal in which all types of stock adjustments are entered. The stock adjustment may be due to the following reasons: (1) Inter-Godown Transfer (2) Accounting for Wastage of stock or shortage of stock (3) Manufacturing Process
Voucher Classes are available for all major voucher types like Contra, Payment, Receipt, Journal, Sales, Credit Note, Purchases, Debit Note, Sales Order, Purchase Order, Delivery Note, and Stock Journal.
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