Predefined Vouchers in Tally.ERP (2024)

FAQs

Predefined Vouchers in Tally.ERP? ›

TallyPrime comes with 24 pre-defined voucher types to meet all your accounting needs.

TallyPrime comes with 24 pre-defined voucher types to meet all your accounting needs.

In TallyPrime, there are two predefined ledgers, Cash & Profit and Loss accounts.

There are twenty eight pre-defined groups in Tally.

Pre-Defined Groups

There are 28 predefined groups in TallyPrime. These groups are part of the Chart of Accounts for most organizations. For example, Sales Accounts are a predefined group.

To address all such needs TallyPrime provides 24 default Voucher Types to ease voucher creation. You need not follow the double entry mode or know accounting principles to use these Voucher Types. You can just enter the relevant transaction details for the one you are recording.

An invoice covers all the products and services delivered to the client, the total amount due, and the preferred method of payment whereas, a voucher is an internal document used in a company's accounts payable department.

Accounting vouchers will update only Accounts, but Inventory vouchers will update both Accounts and Inventory. Inventory vouchers record the receipt and issue of goods/stock (Movement of goods), the transfer of stock between locations and physical stock adjustments.

What is the purpose of vouchers in Tally? ›

A voucher is a document that contains details of a financial transaction and is required for recording the same into the books of accounts. For every transaction, you can use the appropriate Tally voucher to enter the details into the ledgers and update the financial position of the company.

By default in Tally. ERP 9, there are 18 different pre-defined Voucher types (where Payroll feature is enabled, the number of pre-defined voucher types will be 20). Voucher type pertains to Accounting, Inventory and Payroll.

The statement "A ledger cannot be deleted if there is any entry" is generally accurate and aligns with good accounting practices. Once a financial transaction is recorded in the ledger, it becomes a part of the permanent financial record of the business.

The group is a collection of leaders of the same natures. Tally software automatically creates 28 groups that are used in the account chart. Out of 28 predefined groups in tally, primary groups are 15, and the sub-groups are 13.

A voucher is a document that contains details of a financial transaction and is required for recording the same into the books of accounts. For every transaction, you can use the appropriate Tally voucher to enter the details into the ledgers and update the financial position of the company.

Debit or Payment voucher. Credit or Receipt voucher. Supporting voucher. Non-Cash or Transfer voucher (Journal voucher)