A payment voucher is a business document that contains all the information about the sale such as, type of goods, amount of money, mode of payment, details of payer and recipient etc. It also indicates the date and time of the transaction. you can download Payment Voucher Template From the download link below. There are various functions of payment vouchers in business. The basic purpose of a payment voucher is a proof of a transaction made between two parties (seller and buyer). In case of any replacement or exchange of goods, payment vouchers are a basic requirement. This is a very important tool to keep a record of all the payments to be made. A large number of business owners use payment vouchers as a promotional tool for their company in the form of payment discount vouchers. The payment voucher should contain all the necessary details and information about the transaction and should be carefully prepared. Payment voucher templates can enable you to create a well designed payment voucher for your company. This payment voucher template will help you a lot in creating vouchers.
Vouchers prepared by the merchant for payment to the creditor are known as payment vouchers. The details in the payment voucher include creditor’s name, amount paid, company name and contact number, account number and merchant’s signature. Each merchant has its own payment voucher with the name of the company. An accountant uses payment vouchers to make adjustments to creditors’ accounts. Payment vouchers can be used to meet day to day expenses or make purchases. The payment voucher is kept by the merchant as a record. Payment vouchers are made when there is an outflow of funds by an institution. Payment vouchers can be used for purchases, expenses, salaries and repaid loans. The entries posted in the ledger are through payment vouchers.
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