6. Contra

Contra Transactions

Contra transactions are used for transferring money between two accounts within the same organization, such as moving funds between a bank account and a cash account. This is often used in cases of petty cash or internal transfers. Sky Books allows you to easily manage contra entries.

How to Record a Contra Transaction

1. Navigate to the Transactions section.

2. Click Contra from the available transaction types.

3. Enter the following details:

   • Contra No: (e.g., CON0020)
   • Date: Select the date of the transaction (e.g., 28/02/2025).

   From Account: Choose the account from which money is being transferred (e.g., Cash Account).

   To Account: Select the account to which money is being transferred (e.g., Bank Account).

4. Voucher Payment:

   • Transaction Type: Choose the transaction type (e.g., Cheque).
   • Cheque Favour Name: Enter the name of the person or entity to whom the cheque is in favor.
   • Cheque Date: Set the date on which the cheque was issued (e.g., 28/02/2025).
   • Cheque No: Enter the cheque number used for the transaction.
   • Amount (Rs.): Specify the amount being transferred.

5. Print Cheque Now (Optional): If you wish to print a cheque for this transaction, click the Print Cheque Now option. Ensure your printer is connected.

6. Narration: Add a brief description or note for the transaction (e.g., "Internal fund transfer between Cash and Bank accounts").

7. Save the transaction. You can view it in your transaction history or in the Bank Reconciliation section for future reference.