How to create a contra entry

Use this guide to record internal fund transfers such as cash deposit, cash withdrawal, or bank transfers in Raad ERP.

Go to: Accounting > Contra Entry > Add Contra Entry

Step 1: Open Contra Entry Screen Click Main Menu.

Select Accounting. Click Contra Entry. Click Add Contra Entry.

Step 2: Select Transfer Type

Choose the required transfer type: Cash Deposit, Cash Withdrawal, Fund Transfer.

Step 3: Enter Transfer Amount

Enter the amount to be transferred in the Transfer Amount field.

Step 4: Select From Account

Select the source account (From Account). Example: Bank Account or Cash Account.

Step 5: Select To Account

Select the destination account (To Account). Example: Cash Drawer or another Bank Account.

Step 6: Save Contra Entry

Review all entered details. Click Save or press F3 to save the contra entry.

After saving, the contra entry will be recorded and reflected in both accounts.

Need Help? Watch the tutorial video