How to book Cash Withdrawal from Bank? (Bank to Cash Entry)

How to book Cash Withdrawal from Bank? (Bank to Cash Entry)

Go to Menu image.png> Cash & Bank Management > Internal Transfers (Contra) > New cash withdrawal from bank
 
- It will open contra entry form.
  • Select the Posting Date
  • Select the Company(if multi company) and select the Posting Branch (If you have access of only one branch, by default that branch is selected)
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  • Select your both Bank Account/Ledger and Cash Account/Ledger in table.
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  • Enter the amount in CREDIT and DEBIT in both bank and cash ledger.
      • Enter amount in CREDIT for the bank ledger (withdraw from bank)
      • Enter amount in DEBIT for the cash ledger (deposit in cash)
 
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NOTE: TOTAL DEBIT and TOTAL CREDIT should be exact match.
  • User can enter the Reference Number, Reference Date and Remarks(Narration) as below.
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After verify all the details, click on save. Your entry will save as DRAFT and series number is generated.
(NOTE: Draft is not final submission in finance book)
You can still modify the details like accounts, amount, reference, narration, etc in DRAFT mode.
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After the all details finalised, click on SUBMIT button. your contra entry will posted in your book.
  • If user want to see the general ledger for posted entry, click on “LEDGER” button. It will display ledger report for that entry. see below screen-shot.
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