On special request of one tally nine reader, I am posting here how to make cash deposit and withdrawal entry in tally.
I will let you know a very simple way to record deposit and withdraw transactions in tally whereby you don’t need to use contra (F4) button in tally.
Go to voucher entry and press F12 Configuration Use single entry for payments/receipts/contra “Yes” Now Set use payment as contra to “yes”
and accept the screen by pressing CTRL+A
now suppose if you have to withdraw cash by self cheque from axis bank then put the date of transaction
Then in the first ledger account type the name of the bank say axis bank and press enter now for the second ledger account select cash account and type the value of the amount to be withdrawing from bank say rs. 1,00,000.00 and press enter
write the narration and accept the screen and its done!
on the same way, you may enter transaction of cash deposit. in that case the first ledger you have to enter is cash and the second is of the bank e.g. one that ask for amount. This is very simple