How to create a receipt voucher on Tally2 min read

Receipt Voucher

A receipt voucher is a document that confirms that a payment has been received. It typically includes the name of the payer, the amount of the payment, the date the payment was received, and the purpose of the payment. A receipt voucher may also include the name of the person or organization that received the payment, as well as any relevant payment details, such as the method of payment (e.g., cash, check, credit card) or the account number to which the payment was applied.

Receipt vouchers are often used in business transactions to provide a record of payment. They can be used to acknowledge the receipt of payment for goods or services, or to confirm the receipt of a payment for a bill or invoice. Receipt vouchers may be issued in paper form or electronically, and they may be stored as part of a company’s financial records.

Receipt vouchers serve as important documentation for businesses, as they provide evidence of payment and can be used to verify the accuracy of financial records. They can also be used to track the flow of money within a company, helping to ensure that all payments are accounted for and that any discrepancies can be identified and addressed.

How to create a receipt voucher on Tally

To create a receipt voucher in Tally, first go to the Gateway of Tally and select the “Receipt” option under the “Voucher Type” menu. This will open a new voucher screen for receipt entries.

Next, enter the date of the transaction and select the appropriate ledger accounts for the receipt. In a receipt voucher, the “Debit” field should be used to record the income or asset that has been received, while the “Credit” field should be used to record the source of the funds (e.g. a bank account or customer).

Once you have entered the necessary information, you can save the receipt voucher by pressing the “Save” button. This will add the receipt voucher to your Tally ledger and update the account balances accordingly.

It’s important to note that receipt vouchers are used to record the receipt of income or assets, so you should only use this method if that is the case. If you need to record a payment or expense, you will need to use a different type of voucher.