Payment Voucher

PAYMENT VOUCHER

Payment voucher is used to insert all types of cash payments (Except cash purchase) which made by cash or cheque, therefore Bank A/c and Cash A/c does not display at the debit site, in the payment voucher.

Payments Voucher - Examples
a. Paid advance salary Rs. 15,000

b. Paid wages Rs. 5,000

c. Paid rent by cheque Rs. 20,000

d. Repair old machinery Rs. 2,500

e. Paid donation Rs. 10,000 by cheque

Steps For Payment Voucher
1. Open an already existing company.

2. Click on “Accounting voucher”

3. Now press “F5” key or click on “Payment”

4. Insert the expense ledger at the debit side and 'Cash/Bank' at credit side.  

SINGLE & DOUBLE ENTRY MODE

Payment voucher supports two types of entry modes.
1. Single entry mode.
2. Double entry mode.

SINGLE ENTRY MODE
Single entry mode is mostly used to insert tax payment entries such as (VAT, TDS, FBT, Etc.) but it can be also used to insert normal payment entries.

In single entry mode 'Account' contain the credit side ledgers, therefore the Cash a/c and Bank a/c should be always inserted in 'Account' area.

Note: By default tally open the "Payment, Receipt and Contra voucher in single entry mode.


DOUBLE ENTRY MODE
Double entry is normal entry mode that supports debit/credit format, so at the debit side, we normally insert expense ledger and cash or bank a/c insert at credit side.

Steps To Convert From Single To Double Entry Mode

1. Open the accounting voucher.

2. Click on "Payment" or press "F5"

3. Press "F12" key.
4. Now set "No" to the "Use Single Entry mode for Pymt/Rcpt/Contra"