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Payment vouchers are principally used to ensure payments are duly approved by the correct authorized personnel before payments are disbursed.

Types of VoucherPrimary Voucher 2212 Original copy of written supporting document is called primary voucher. Like purchase Bill, cash memo, pay-in-slip, etc.Collateral Voucher 2212 Copies of supporting documents which are not available in original are collateral voucher like duplicate or carbon copy of sale invoice.

Payment voucher is a request issued for the payment while the receipt is the confirmation of the payment. Payment voucher issued prior to the payment while on the contrary, the receipt voucher has been issued after the payment. As simple as that.

A ledger group is a combination of standard ledgers for the purpose of applying the functions and processes of General Ledger Accounting to the group as a whole.

A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made.Vouchers are used by accounts payable (short-term bills owed by companies to suppliers), invoicing and payroll.

An accounting voucher is a record that acts as a supporting document to the entries recorded in the accounting books. The vouchers are stamped as 'paid' once the payment is received by the supplier. The payments are recorded in the respective ledger accounts.

Create a Payment Voucher with Voucher Class for Employee PaymentsGo to Gateway of Tally > Accounts Info. >Select Payment from the List of Voucher Types .Enter Employee Payments in Name of Class .Press Enter and the Voucher Type Class screen will appear as shown below:More items...