Draft Columns Voucher For Free

It can be said to be a written document that supports the entries made in the record books that helps in verifying the accuracy of the transactions. Different types of vouchers can be as follows: Receipt voucher. Payment voucher. Journal voucher.

Types of Vouchers Debit or Payment voucher. Credit or Receipt voucher. Supporting voucher. Non-Cash or Transfer voucher (Journal voucher)

A voucher is essentially the backup document for accounts payable. Accounts payable are the short-term bills owed by companies to vendors and suppliers.

The preparation of vouchers includes various supporting documents, which are as follows: The invoice that the supplier receives from the firm. The details of the supplier like name, address and contact number. The details of the payment like the amount, discounts or the due date of payment.

There are 18 different pre-defined voucher types pertaining to accounting, inventory and payroll. When the payroll feature is enabled, the number of pre-defined voucher types is 20.

Voucher is classified, on the basis of transaction, in three types which are Transaction Voucher, Compound Voucher and Complex voucher. Voucher is classified, on the basis of source, in two types which are Primary Voucher and Collateral Voucher.

The Structure of a Voucher Object Actual Entries are the entries pertaining to Accounts and Inventory. The base entries of a Voucher are Date, Voucher Type, Voucher Number, etc. The first level consists of two basic collections, namely Ledger Entries and Inventory Entries.

Types of vouchers Explained (1) Receipt voucher- It is also called a credit voucher.(2) Payment voucher- It is also called a debit voucher.(3) Journal voucher- A journal voucher is also called a non-cash voucher or transfer voucher.

A voucher usually contains the following information: Supplier identification number. The amount payable. The date on which payment will be made. The accounts payable to record the liability. Any valid early payment discount terms. The approval signature or stamp.

Steps to create a business voucher Select the suitable template and update the company logo on the same. Update the supplier details on the same. Enter the invoice details, payment details, description of goods and amount. The voucher is then authorised by the respective accounts payable head.