How to record Contra Vouchers for Bank Transfer?
(Bank to Bank Transfer – Single Entry Mode)
📌 Transaction Details
Date: 01-04-2025
Transaction: Transfer ₹5,000 from SBI Bank to Canara Bank
Accounting Effect:
• SBI Bank A/c → Credit
• Canara Bank A/c → Debit
• SBI Bank A/c → Credit
• Canara Bank A/c → Debit
🔹 Steps in TallyPrime
1️⃣ Open Contra Voucher
- Method 1: Press Alt + G → Create Voucher → F4 (Contra)
- OR
- Method 2: Gateway of Tally → Vouchers → Press F4 (Contra)
2️⃣ Change Voucher Date
- Press F2
- Set Date to 01-04-2025
3️⃣ Select Debit Account
- In the Account field, select Canara Bank
- This is the bank receiving money → Debit Side
4️⃣ Enter Credit Particulars
- Under Particulars, select SBI Bank
- This is the bank giving money → Credit Side
- Enter Amount: ₹5,000
5️⃣ Enter Instrument / Reference Details (Optional)
- Enter Cheque Number
- Enter Instrument Date
- Enter UTR Number
- Enter Reference Details
6️⃣ Enter Narration
- Type: “Amount transferred from SBI Bank to Canara Bank.”
7️⃣ Save the Voucher
- Press Ctrl + A to Accept & Save
📊 Result in Books
• Canara Bank balance increases by ₹5,000.
• SBI Bank balance decreases by ₹5,000.
• Total Cash/Bank balance remains unchanged.
• SBI Bank balance decreases by ₹5,000.
• Total Cash/Bank balance remains unchanged.
This is a Contra transaction (internal fund transfer).
Important Note:
Contra Voucher is used for:
• Cash ↔ Bank
• Bank ↔ Bank
Contra Voucher is used for:
• Cash ↔ Bank
• Bank ↔ Bank
It does NOT affect Income or Expense accounts.
