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Any written documentation supporting the entries reported in the account books, indicating the transaction's accounting accuracy, can be referred to as a voucher. For example, a bill, invoice, receipt, salary and wages sheet, pay-in-slip counterfoil, cheque book counterfoil, or trust deed.

A payment voucher is a record of payments made by a business to suppliers for various purchase orders. Payment vouchers consist of a purchase order, shipping receipt, and invoice. They are prepared by the accounting department, which matches a supplier's invoice with an order of purchase and the receiving report.

Go to Gateway of Tally > Accounting Vouchers. 2. Select F5: Payment from the Button Bar or press F5. Payment voucher can be passed using Single Entry or Double Entry mode by configuring the setting Use Single Entry mode for Pymt/Rcpt/Contra in F12: Configure.

The purchase voucher serves as evidence of the purchase transaction, and the payment voucher serves as evidence of the payment made for the purchase. Both vouchers are important in maintaining accurate financial records and facilitating the accounting process.

A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.

In manual payment schemes, the prepared vouchers need to contain or specify the following information: The identification number of the supplier. Type of voucher. Debit column. Credit column. The amount payable in figures and words. The date of payment. The accounts payable for recording the liability.

1) Payment Voucher:-It is a voucher or document which is done against a vendor for doing the payment and can be used as a proof for monetary transaction between two parties. Also Payment voucher can be used for other purposes but generally it is done as a payment to vendor from the application.

Payment Vouchers are used to record payments owed to Vendors and to maintain payment history. Once posted, they can be added to Checks or Quick Checks for processing and printing checks.