Process to Create Contra Entry in the Billing General Setup in MargBooks

• Example: Suppose the user withdraws ₹40,000 cash from the bank using a Contra Voucher. The user will first select the Bank Account as Credit (Cr.) for ₹40,000, and then select the Cash Account as Debit (Dr.) for ₹40,000. This records the transfer of funds from the bank to cash.

• In Margbooks Go to Accounting Transactions > Contra.

• Click on ‘Create’.

• User will select the Contra transaction date as required.

• User will select the transaction type as Cr. (Credit) and press the 'Enter' key.

• The Ledger Master window will appear. User will select the required Bank Ledger and press the 'Enter' key.
• Suppose the user selects Bank of Baroda and press the 'Enter' key.

• User will select the requiredInstrument Type(Cheque, D.D., RTGS, NEFT, IMPS, or N/A)as per the transaction and press the 'Enter' key.

• Enter the amount and press the 'Enter' key.

• Now, on the Debit side, the 'Ledger Master' window will appear.
• User will select the 'Cash Ledger' and press the 'Enter' key.

• The user will press 'Enter' key.

• User can enter the narration, if required. Suppose the narration is "Cash required for petty cash expenses."
• Click the 'Save' button to save the Contra Voucher.

After following the above steps, the user can successfully create a Contra Voucher in the Billing General Setup in MargBooks.