Cash withdrawl and deposit entry

before going to actual accounting entry, one should know the basic of accounting and debit and credit rules to under stand which account in tally should be debited and which should be credited

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

About the author /


Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site

28 Comments

  1. MOHAMMAD

    CAN U SAY HOW TO ENTER BANK STATEMENT IN TALLY 9.0

    • ALI

      my frnd mohammed , u jst go to display option from gateway of tally & u will get Accounts books option & in that another option called cash/bank account through these you can see cash or bank statement.Am i right Mr. Mahendra sir

  2. Mukesh

    Hi Mahendra,

    Could you explain how to bring the “cheque details section” in the above voucher (The bottom left section in your screenshot)?
    Is this done using TDL or is their an option in TALLY itself which i must have missed?

    Thanks,
    Mukesh

    • Mahendra

      Hi Mukesh,
      This features are available in Tally.erp 9 version. If you are using an old version, then it may not be available!
      If you are using tally.erp 9 and not able to get this feature, then please do let me know. I will fix it.

  3. vetrivel

    hi
    when i try to enter the contra entry by multi currnecy it is not accepting
    for example
    Bank Dr AED 20000000,
    Bank Cr USD 544,365.81
    Exchage rate 3.67400025
    fraction amount one fils is coming. how to solve this?

  4. gaurav

    hi
    can you guide me about receipt & payment (settings) to pass journal entry.

  5. harshit

    hi i want to know how can i carry forward my legers without there balance bcoz we have recipt and made payment on account i want to start recipts and payment invoice wise
    thnaks

    • Mahendra

      Hello Harshit,
      I do not provide any support if a query is posted without the Tally.erp 9 serial number

  6. mang guite

    you mean to say, i cannot use educational mode?? i about to learn tally, just download 9 rel 3

  7. mittal

    hi i want In Receipt Details of Currency and In Print in erp9.3

    • Mahendra

      Mital,
      Already told you, that can be done only through a TDL

      • radhika

        sir i want to learn tally erp 9 will u help me in this

  8. avijit

    sir, please reply me with a example of cash to cash contra entry.

  9. Ahmed

    Sir, how do i record cash transfered from SBI bank to SBI bank in Tally.what is the procedure/steps…coz when i tried to enter this in Journal its not showing Bank…can u plz help me in this.

    • seenivasan

      Sir, how do i record cash transfered from SBI bank to SBI bank in Tally.what is the procedure/steps…coz when i tried to enter this in Journal its not showing Bank…can u plz help me in this.

  10. seem

    sir please tell me cash deposite entry in contra

  11. HEENA

    PLEASE TELL HOW TO PRINT CASH WITHDRAWAL CHEQUE IN TALLY 7.2
    I AM PRINTING PARTIES CHEQUE BUT NOT ABLE TO PRINT CASH WITHDRAWAL CHEQUE PLS HELP ME

  12. sunil

    we entered purchase entries in tally7.2.
    if we purchase goods then give cheque to that person.
    he cheque draw at bank.
    after we get bank statements.
    then we entered in payments.
    here our entry at both purchase & payment.
    now will change or delete purchase entry?
    please reply

  13. Aditya

    Dear sir,

    How to double entry with inventory.
    exp . Ambica traders we purchase Inventory. we are maintain account with inventory. how to entry tool & spear in indirect expense.

  14. shabbir

    sir, how to enter the contra entry if the deposits in bank what entry will come
    Accounting Voucher Alteration (Secondary)

    Contra No.13
    —————————————————-
    particulars debit credit
    —————————————————-
    Cr Cash 115,130.00
    Cur Bal: 439,178.15 Cr.
    Dr Emirates NBD Dirham A/c. 115,130.00

    cash received from customer and deposited the same

    PLEASE GIVE RIGHT ANSWER FOR WHICH I EVER THANKFUL TO YOU

  15. vim

    How to entered Dairy accounts in tally

  16. khaj moinuddin

    sir how to enter a ow chque return entry in tally give details

  17. kailash ratad

    Dear sir,

    how to make service tax entry in tally erp 9 pls advice

  18. RASMI TRIPATHY

    want to do entry of payment made through owners personal cheque and cash to parties. how it will be done in tally what ledger to be created and what group.

  19. RASMI TRIPATHY

    want to do entry of payment made through owners personal cheque and cash to parties.

  20. s padma

    if a bank releses one crore fund to a pvt ltd company what type of surity they will ask

  21. Manooj

    can you guide me how to make salary payment in tally

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