A payment voucher acts as a receipt when a transaction occurs between two parties. It can also be utilized as an alternative to cash, recording the transaction. Alternatively, we can say that it is proof of the transaction in any business institution.
What is a payment voucher?
A payment voucher is a document that includes details regarding the conducted transaction, the total amount of transactions, the name of the company, and more. This document is very useful for individuals who want to keep track of their transactions.
[Sample #1]
File: Excel (.xlsx) & iPad
Size 64 Kb
If you are running a business, you must be aware of the importance of the payment voucher. You can use the payment voucher as evidence to protect yourself from any legal dispute between you and your customers.
Sometimes, a payment voucher also functions as a payment receipt. This document proves that the transaction between the seller and the buyer was successfully conducted.
In daily life, we encounter different kinds of vouchers: fee vouchers, bills, purchase receipts, and, in short, some of the vouchers we know are primary, and some are secondary or collateral vouchers.
Payment vouchers generally consist of three identical documents, one kept by the party paying the money.
One does not need to worry much about whether the payment voucher is to be created and printed. We have made templates for you to help.
Facilities such as the Internet and software applications (e.g., Word, Excel) help us create the voucher. The Internet contains websites that help design templates and documents, and direct us to the correct format. If someone wants to personalize the document, s/he can create it with tools such as Microsoft Word and Excel.
The Payment Voucher requires only some general headings, which can include the name of the institution, the location and name of the depository institution, the sum of money, the arrears, the signature of the collector, and the depositor.
What are the benefits of a payment voucher?
One can avail of the following benefits by using the payment voucher:
- The payment voucher is an excellent tool for record-keeping. Organizations that want to keep track of transactions between buyers and sellers use payment vouchers.
- The payment lets an organization determine whether the other party has approved the transaction.
- The payment voucher also acts as a receipt, which includes the total amount paid, the date of payment, and the services availed.
What is a payment voucher template?
A payment voucher template is a document that provides a fully formatted payment voucher that can be used by anyone instantly. The template is handy since it enables users of any knowledge level to customize the payment voucher according to their needs.
Every business needs different information to include in the payment voucher. Therefore, everyone is given access to the template’s customization feature.
The template is multipurpose and can be used as a receipt. The user can download the template free of charge. It is best for people who want to save time by avoiding making the payment voucher from scratch.
[Sample #2]
File: Excel (.xls) & iPad
Size 25 Kb
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