Payment Voucher

Payment voucher is used to  all the payments made by the company with cash and bank

Payment voucher can be passed using Single Entry or Double Entry mode by configuring the setting Use Single Entry mode for Pymt/Rcpt/Contra in F12 configuration. 

to create Payment Voucher Go to

Gateway of Tally > Accounting Voucher> F5: payment

If your Company paid cash/ cheque to your party then the Accounting Treatment become like this

Dr......... Your party A/c

Cr......... Cash / Bank A/c

In tally if you use the single entry mode then the record like this

Account Feel : Cash or Bank A/c From which your payment is made 

After particular : your Party a/c

in  Double entry mode 

Cr/ To......cash / Bank a/c

Dr/ By ..... Your party a/c

Note:By enabling Pre-Allocate Bills for Payment/Receipt

 option in F12: Configure, you can pre-allocate the bills before specifying the Ledger amount. This Configuration enables the user to select the bills first before the total amount can be updated in the amount field.

For Example:

The company pays against the Purchase bills. Here set the option Pre-Allocate Bills for Payment/Receipt as Yes. Now while making the entry immediately after selecting the party the Bill-wise details screen for the party appears.