How to create Contra Entry in Single Entry mode? @ Tally.ERP9

Query

How to create Contra Entry in Single Entry mode?

Answer

The Contra Voucher can be passed using Single Entry mode or Double Entry mode.  To toggle between Single Entry and Double Entry mode, we need to change the setting for the option Use Single Entry mode for Pymt/Rcpt/Contra to Yes/No in F12 configuration.

To view Contra Voucher creation screen in Single Entry mode:

Go to Gateway of Tally > Accounting Vouchers > Select F4: Contra

For example, to transfer funds from Cash Account to Bank Account:

1. Debit the Bank Account

2. Credit the Cash Account

The entry will be displayed as shown.

Advantages of Single Entry Mode:

• Faster data entry.

• When there is a Single Debit and Multiple Credits in the entry.

Special Keys for Voucher Narration Field:

• ALT+R: Recalls the Last narration saved for the first ledger in the voucher, irrespective of the voucher type.

• CTRL+R: Recalls the Last narration saved for a specific voucher type, irrespective of the ledger.