How Many Voucher Types

A voucher is a document used by a company’s accounts payable department containing the supporting documents for an invoice. In this blog you will learn about Types of vouchers used in accounting and also Accounting Flow.

Voucher;

• A voucher is a documentary evidence of a transaction.
• There may be different documentary evidences for different types of transactions.
• In computer language, the voucher is a place where transactions are recorded. It is a data input form for inputting transaction data.
• In some financial systems, instead of the word ‘Voucher’, the word ‘Document’ is used.
• In accounting, there may be different types of transactions; hence we use different voucher types for recording of different transactions.

Accounting Flow: Accounting flow from the angle of software;

Originally published at http://waytopinnacle1.wordpress.com on May 20, 2021.