Types of Accounting Voucher in Tally Accounts | E-Academy with Vishal Sir

Accounting Voucher

F2     -          Date 

F3     -          Company 

F4     -          Contra 

F5     -          Payment 

F6     -          Receipt 

F7     -          Journal

[Debit Note and Credit Notes you find the Debit Notes and Credit Notes option only if use Debit/Credit Notes?] Option in F11 features menu is enabled. 

F8     -         Sales 

F9     -         Purchase 

F10     -         Memos 


As Invoice - This button toggles between as Voucher and as Invoice option. It is present only in Sales Voucher screen provided Allow Invoicing? Option is enabled in F11 Features Screen.

Post Dated - Used to mark the Current Voucher as post dated.

Optional - Optional

The buttons F7- Stk. Jrnl, F8- Goods Out, F9- Phys Stk are to create vouchers related to inventory.

F12 - Configure

Activate/Deactivate the options by typing Yes or No as per your requirement.

Note-

1. Type No against the option use single entry mode for Pmt/Rpt/Contra? In to have To and By in the voucher creation screen.

2. Type Yes against the option use Cr. / Dr. Instead of To/By during entry? To have Dr. and Cr. In the Voucher Creation Screen.

Contra

Contra Voucher - This voucher is used for fund transfers between Cash and Bank accounts only. Like fund transfer form one Bank/Cash account to another Bank/Cash account, cash deposits withdrawal into form bank.

    Bank A/c Dr. 10,000

            To Cash A/c 10,000

Ledger Creation of Bank (under to the group Bank Accounts)


Also Read:-


Payment-

Payment Voucher - This Voucher record all the payment made through Bank and Cash.

Example –

1. Buy’s from Micro Chip Pvt. Ltd’ (Sundry Creditors) issues a cheque for Rs. 11,000/- to it.

    Microsoft Pvt. Ltd. Dr. 11,000

            To Bank A/c 11,000

Ledger Creation of Micro Chip Pvt. Ltd. (Under the group Sundry Creditors) and Bank (Under the group Bank Accounts)

Receipt-

Receipt Voucher - The purpose of this voucher is to record all receipts into Bank or Cash accounts.

Example –

1. Receives a cheque of Rs 10,000/- from the Sundry Debtor, Mr. Joseph, as full and final settlement. The voucher entry will be as follows.

    Bank A/C Dr. 10,000

            To Mr. Joseph 10,000


Journal- 

Journal Vouchers are of three types.

a. Journal

b. Credit Note Voucher

c. Debit Note Voucher

Example –

1. Suppose a sum of Rs. 3000 (Cash) was spent by ‘Status Infonet’ on Advertisement as general office costs.

    Advertisement A/c Dr. 3000

            To Office Expenses A/c 3000

Credit Note Voucher - This note is useful in case of Return of a part of goods is returned by the customer due to or overcharging.

Example –

1. Suppose goods worth Rs. 500/- were supplied incorrectly to Mr. X (Sundry Debtors). The same has been returned to ‘Status Infonet’

    Sales Return A/c Dr. 500

            To Mr. X 500

Ledger creation of Mr. ABC (Under the group Sundry Creditors)

Purchase Order - To place purchase order of the goods to the supplied.


Rejection out - It is goods for outward return of rejected goods. The rejected goods are sent back to the supplier.

Debit Note Voucher - This note is raised in case of Return Outward (Purchase Return) of damaged goods to the supplier or in case of under charging a customer.

Example-

1. Suppose goods worth Rs. 2,000/- were found damage and were returned to the Supplier Mr. Y

(Sundry Creditor). The Debit Note Voucher is shown in.

    Mr. Y Dr. 2,000

            To Purchase Return A/c 2,000


Memo-

Memo Voucher - As the name implies, it is a Non-Accounting voucher entries of which do not affect you accounts at all. The entries in this voucher are not posted into ledger, instead they are stored in a separated they are stored in a Separate Memo Register. A Memo Voucher can be converted into a regular voucher, to be included in your books of accounts.

F11 Features button on the Button Panel and activate the option use Rev. Journal & Optional Voucher? by typing yes for it.

The Memo Vouchers are of two types.

1. Memorandum

2. Reversing Journal


Also Read:-

Sales

Sales Voucher - This voucher records all entries related to sales. You need to enter the item details if inventory value gets effected due to sales. It is very useful when sale entry is not made through invoice.

Example –

1. Sales goods worth Rs. 10,000 to Sundry Debtors. Mr. Joseph, on credit.

       Mr. Joseph A/c Dr. 10,000

            To Sales A/c 10,000

Ledger creation of Mr. Joseph (Under the Group of Sundry Debtors) and sales (Under the Group Sales Account)

Sales Orders - For recording orders for Supply of goods or services.

Sales Invoice - For making customer’s invoices.

Rejections In - This is Return Inward of the sold goods by the customers.


Purchase

Purchase Voucher - This Voucher records all entries related to purchases. If inventory values are affected for purchase accounts in case of Acct-with-Inventory companies, item details have to be given too.

Example-

1. Purchased goods for Rs. 60,000/- from Mr. ABC on credit then the purchase voucher entry will be as shown in.

    Purchase A/c Dr. 60,000

            To Mr. ABC 60,000

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