Accountancy · Ch 10 — Computerised Accounting System – Tally
Recording Transactions – Vouchers in Tally
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Recording Transactions – Vouchers in Tally
Note
Voucher (Tally)
The basic document used in Tally to record a business transaction — the computerised equivalent of a journal entry — through which every debit and credit affecting the firm's ledgers is entered into the system.
Tally provides several distinct types of vouchers, each meant for a particular kind of transaction:
- Payment Voucher — used to record any payment made by the business, by cash or bank (e.g. paying rent, paying a creditor).
- Receipt Voucher — used to record any amount received by the business, by cash or bank (e.g. receiving cash from a debtor, receiving a loan).
- Contra Voucher — used specifically for a transaction that moves funds between the firm's own cash and bank accounts (e.g. cash deposited into the bank, or cash withdrawn from the bank for office use) — since both sides of such an entry are the firm's own accounts, not an external party.
- Journal Voucher — used for non-cash adjustment entries that do not involve any actual receipt or payment of cash/bank funds (e.g. depreciation, rectification of an error, adjustment of an outstanding expense).
- Sales Voucher — used to record a sale of goods or services, whether for cash or on credit.
- Purchase Voucher — used to record a purchase of goods or services, whether for cash or on credit.
- Debit Note / Credit Note — used to record purchase returns (a Debit Note, reducing what is owed to a supplier) and sales returns (a Credit Note, reducing what a customer owes) respectively. …
Definition 1Voucher (Tally)
The basic document used in Tally to record a business transaction, functioning as the computerised equivalent …
Definition 2Contra Voucher
A voucher used specifically for transactions moving funds between a firm's own cash and bank accounts, such as a cash deposit into or w …