---
title: "Configuring Contra Entries"
description: "The Contra entry accounting rule type is used for recording postings within or between P&L and balance sheet. This type of contra entry is used with depreciation in the fixed assets, for example."
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/planning/accounting-rules/configure-contra-entry
language: en
last_updated: 2023-08-16
---
# Configuring Contra Entries

## Overview

The **Contra entry** accounting rule type is used for recording postings within or between P&L and balance sheet. This type of contra entry is used with depreciation in the fixed assets, for example.

Depreciations do not have a cash flow impact, but reduce the value of the fixed assets (accumulated depreciation) in the balance sheet, and thus require a contra entry.

## Configuring Contra Entries

To configure an accounting rule of the type **Contra entry**:

{% stepper %}
{% stepper-step %}
In the dimension bar, select the combination of **data level** and **reporting entity** for which the accounting rule should apply.
{% /stepper-step %}
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In the tree view, select the desired element (ledger, account, or item).
{% /stepper-step %}
{% stepper-step %}
Click **Edit** in the top right to open editing mode.
{% /stepper-step %}
{% stepper-step %}
If you selected a ledger, open the **Balance with carry forward from previous period** or the **Transaction figure** tab.
{% /stepper-step %}
{% stepper-step %}
Select **Contra entry** as the accounting rule from the **Type** drop-down list.

{% /stepper-step %}
{% /stepper %}
## Options on the Configuration Tab

Configuration options for a contra entry

The following options are available on the **Configuration** tab:

#### Account

Account for the contra entry

#### Partner

Partner for the contra entry

{% info-box %}
You can only define a partner if the **Create postings on the contra account using the partners from this account** check box is deactivated.
{% /info-box %}

#### Transaction type

Transaction type from the account’s transaction type category, used to ensure associated schedules are updated in the plan when selected.

{% info-box %}
**Additional notes:**

- Transaction types can only be selected with contra entries relating to **schedule-relevant** accounts or items.
- The **transaction type** field becomes editable once an account is selected.
{% /info-box %}