Reverse Sweep account

2138 views 1 replies

Hi,

We  had a ICICI Bank current account and open another sub account  under the main account (ICICI )named ICICI term deposit  Funding Link Account .so whenever we are paying any amount from main account i.e ICICI current account , automatically the same amount  will be credited from ICICI FD link account to the main account. 

So my doubt is whenever the amount transferred from sub account(ICICI FD link account) to the main account (ICICI Current account) the entry in TALLY PRIME  is posted whether in Contra voucher or Receipt Voucher.

Regards,

Sruthy

Replies (1)

If the account is for sweeping the funds back to current account, treat it under bank acc and thus CONTRA entries for each sweep & reverse-sweep transactions.

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