Types of Vouchers in Tally

Tally is one of the most popular accounting software used by businesses to manage financial transactions effectively. One of the key features of Tally is the use of vouchers, which are documents used to record different types of transactions in the system. Understanding these vouchers is essential for anyone beginning their journey in accounting with Tally.

What is a Tally Voucher?

A Tally voucher is an accounting document used to record financial transactions. Each voucher corresponds to a specific type of transaction such as payment, receipt, sales, or purchase. These vouchers help in organizing and maintaining accurate financial records.

 

 

Different Types of Vouchers

• Payment Voucher: Used to record all outgoing payments made by the business, whether in cash, by cheque, or through bank transfer.
• Receipt Voucher: Used to record all incoming payments received by the business from customers or other parties.
• Journal Voucher: Used for adjusting entries and non-cash transactions such as depreciation, provisions, or correction entries.
• Contra Voucher: Used to record internal fund transfers within the company such as cash deposited into the bank or withdrawals from the bank.
• Sales Voucher: Used to record all sales transactions of goods or services made by the business to customers.
• Purchase Voucher: Used to record all purchase transactions of goods or services acquired by the business from vendors or suppliers.