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Types Of Vouchers - Tally Online Computer Course Notes and Tally Practical Questions

Submitted By Stellar Computer Education Center, Kodakara, Thrissur, Kerala on 22 August 2020

Types of Vouchers

Tally is pre-programmed with a variety of accounting vouchers, each designed to perform a different job. The standard vouchers are:

Contra Entry (F4)

Gateway of Tally > Accounting Vouchers > selecting F4: Contra > displays the Contra voucher entry screen. As per accounting rules, Contra Entry is a transaction indicating transfer of funds from:

Payment Entry (F5)

It is an entry for paying something. This entry records all the payments made through Bank or cash.

Receipt Entry (F6)

Receipt entry records all receipts, when you receive cash or bank account.

Journal Entry

Journal entry records there is no cash or bank account involved. It is the adjustment between two ledgers. The transactions such as outstanding payments or receipts, or accounting adjustments.

Single Entry Mode

Voucher entry screen appears in the Single Entry Mode by default. You are prompted to choose the account, which will receive the amount (the debit ledger).

For example, you wish to transfer of funds from Cash Account into Bank Account you will debit the Bank Account and credit the Cash Account - the entry appears as Double Mode

Double entry mode

In Double entry mode you can select multiple debit and credit ledgers. To do so, on the , click on F12: Configure and set the option "Use Single Entry Mode for Payment/Receipt/Contra" to NO. The entry displayed in Single Mode appears in Double entry mode as:
In the above example, we have transferred from Cash account to our Bank account. Here, the first credit "To Cash" is the source and the following debit "By State Bank of India" is the destination.

Use F2: Date to change the date of the voucher.

If you require Dr/Cr instead of To/By > as explained in the Configuration section, please activate the required feature in F12: Configure.

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