Tally Vouchers are Digitally Billes which used to be Made physical .
Business has multiple types of transactions every day. And Vouchers used to be very difficult to track and find transactions .But after categorisation . tracking of each and every transaction based on the nature of the transaction is easy nowadays. Because now we have categorized Tally Voucher types . The most popular transaction in business industries is Sales Voucher. So here are some types of tally voucher Contra, Payment, Receipt , Payment, Sales, Purchase, General etc. We can say every transaction has a predefined category.
Importance in daily bookkeeping of Tally vouchers.
In daily routine transactions this is the heartbeat of business. Because on a daily basis lots of transactions are being done. And it is so hard to remember every transaction. So if you will Use vouchers on a daily basis it’s just like you are managing a diary for your expenses and income . So Tally vouchers are very important to daily bookkeeping.
List of All Tally Voucher Types
Vouchers Name | Short Key of Vouchers | Uses of Vouchers |
Contra | F4 | Transer Money to own bank accounts, and cash. |
Payment | F5 | To Make Payment |
Receipt | F6 | To Receive Payment |
General | F7 | To Adjustments & General Entries |
Sales | F8 | To Sales Entries |
Purchase | F9 | To Purchase Entries |
Debit Note | Ctrl+F9 | To Purchase Return Entries |
Credit Note | Crtl+F8 | To Sales Return Entries |
Further Vouchers | F10 | For All Remaining Vouchers |
There are 7 Million businesses globally that use Tally . This is such a huge number and it shows trust . if you will see in summary we can say Accounting is where the story and vouchers are the chapters and each chapter tells about specific financial details. Either you have a small business or a big business needs to write accounting activity . so vouchers will help to each entry classified basis of its nature. so users can track all entries easily. It makes business very easy.