MARG ACADEMY

A voucher is a basic recording document. It is a written record of expenditure, disbursement or completed transaction. ***Voucher types:
1. Receipt: A Receipt Voucher entry is prepared when a firm receives money in cash or by cheque, D.D., etc from a customer, supplier or by any other source.
2. Payment: A Payment Voucher entry is prepared when a firm pays money in cash or by cheque, D.D., etc to a customer, supplier or to any other source.
3. Journal: A journal voucher entry is prepared when a non cash transaction (like bank charges, sales/income tax, depreciation etc) has to be posted
4. Debit note: When goods are returned to the supplier a debit note voucher is prepared on his name i e purchase return, wrong quantity supplied, quality of product, rate difference, etc.
5. Credit note:. This provides evidence regarding a credit has been given to the buyer or when a buyer allows himself credit due to rate difference or discount, sales return etc.
6. Contra: It includes transferring cash from one bank to another, withdrawing from bank, depositing in bank and transferring of cash to petty cash i.e Cash & Bank Entries.
7. Sales: This voucher records all entries related to sales including cash and credit.
8. Purchase: This voucher records all entries related to purchases including cash and credit.
9. TDS Journal: This feature helps the company to calculate Tax Deducted at Source (TDS) and therefore payment could be made adjusting TDS.
10. Interest Journal: This feature helps the company to calculate interest it is supposed to receive from the securities it owns.
PROCESS TO MAKE A VOUCHER ENTRY (Alt+ V):

1. Enter username and password to login into your Marg software.
2. Click on Account Voucher  type of voucher you want to create (as given above)
3. If you want to create a Receipt voucher then
I. Click on receipt option.
II. Enter the date on which you would be receiving the payment from your source..
III. Enter the voucher no.
IV. Select the company with which transaction has to be posted.
V. Previous balance would be automatically updated with this company.
VI. Since it is a receipt therefore amount will be credited to your account.
VII. Enter the amount received. Press end and save your entry.
4. Similar process should be followed to create other types of voucher entry.
These voucher entry is automatically registered in Account books and these records could be viewed by the following process:
Click on Account books Entry Books  type of voucher bookPeriodModify (If needed)Save.