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Published on:

November 6, 2025

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Types of Accounting Vouchers and Their Uses

Accounting vouchers are the heartbeat of a business's financial system. They record every monetary movement, whether it’s a sale, a purchase, or an adjustment, and act as the backbone of accurate bookkeeping. In this article, we will explain the types of accounting vouchers, the purpose each of them serves, and their usage by business entities in everyday transactions.

What is an Accounting Voucher?

In accounting, a voucher is a supporting written document indicating the occurrence of a financial transaction. No transaction should be recorded in the books of accounts unless a voucher, properly authorized and supported by the relevant bills, receipts, or invoices, is presented.

In today’s regulatory environment, maintaining vouchers is not just a good accounting practice but a legal necessity as well. Each voucher acts as a bridge between daily operations and final financial reporting, ensuring accuracy and traceability in the pursuit of compliance.

Key Components:

Date and amount of the transaction
Details of the parties involved
Narration explaining the purpose of tests and examinations.
Signatures of preparer and approver

Purpose:

To provide legal and auditable evidence for every transaction, thus ensuring accuracy in financial records.

Types of Accounting Vouchers

Let’s look at the most commonly used types of vouchers in business accounting.

1. Cash Voucher

Cash vouchers are records of transactions related to cash payments or receipts

Type	Description	Example
Cash Receipt Voucher	Records money received in cash.	The customer pays ₹10,000 for a sale.
Cash Payment Voucher	Records money paid in cash	Cash paid for office rent.

Purpose: Enables the recording of every physical cash inflow and outflow of an organization.

For more information about Voucher here is one kind of Voucher you can check: Cash Voucher and its Format & Example

2. Bank Voucher

Used for bank transactions: deposits,withdrawals, or cheque payments.

Sub-Type	Use	Example
Bank Receipt Voucher	Money received via bank transfer or cheque	Customer cheque deposited in HDFC Bank.
Bank Payment Voucher	Payment made via cheque or online transfer.	The supplier paid ₹50,000 through NEFT.

Purpose: It shows all financial movements related to bank accounts.

3. Journal Voucher

Records non-cash adjustments and book entries as depreciation, provisions, or error corrections.

Purpose	Example
Adjusting Entry	Depreciation on furniture ₹5,000.
Rectification Entry	Correcting a wrongly posted expense.
Transfer Entry	Moving balance between accounts.

Purpose: To handle internal accounting adjustments without cash flow.

4. Purchase Voucher

Documents all purchases of goods and services whether in cash or on credit.

Type	Purpose	Example
Cash Purchase Voucher	Goods purchased by paying cash	Buying stationery for ₹1,000.
Credit Purchase Voucher	Goods purchased on credit.	Raw materials bought from suppliers on account.

Purpose: To verify the accuracy of recording of purchase transactions.

5. Sales Voucher

Captures all sales of goods or services in both cash and credit modes.

Type	Purpose	Example
Cash Sales Voucher	Immediate cash received from sale.	Retail sale of ₹2,000.
Credit Sales Voucher	Sale made on credit basis.	Invoice raised to client payable in 30 days.

Purpose: To maintain transparent sales records, track income against expenditures, and to be GST-compliant in sales.

‍6. Contra Voucher

Used when cash and bank accounts interact, meaning deposits or withdrawals.

Transaction Type	Example
Cash deposited into bank	₹20,000 deposited into SBI account.
Cash withdrawn from bank	₹10,000 withdrawn from ICICI Bank.
Transfer between banks	₹50,000 moved from Axis to HDFC.

Purpose: Bank to Cash or vice-versa transactions are recorded here.

7. Debit Note and Credit Note Voucher

Used for adjusting returns, overcharging, or damaged goods.

Voucher	Purpose	Example
Debit Note Voucher	Issued when goods are returned to the supplier.	Returning defective items worth ₹5,000.
Credit Note Voucher	Issued when the customer returns goods.	Customer refund for damaged goods ₹3,000.

Purpose: To maintain accurate records of purchase and sales returns.

Summary Table: Types of Accounting Vouchers

Voucher Type	Nature of Transaction	Used For
Cash Voucher	Cash receipts/payments	Recording cash inflows/outflows
Bank Voucher	Bank-based transactions	Deposits, withdrawals, transfers
Journal Voucher	Non-cash adjustments	Depreciation, Provisions, rectifications
Purchase Voucher	Buying good/services	Cash or credit purchases
Sales Voucher	Selling goods/services	Cash or credit sales
Contra Voucher	Cash-bank interactions	Deposits or withdrawals
Debit/Credit Note Voucher	Adjustments	Goods return or overcharges

To know more about the Vouchers you can check the official sources:

Official source for accounting & audit guidelines in India.

Establishes authenticity on accounting standards.

Conclusion

Accounting vouchers represent the foundation of open and transparent financial management. A voucher is a story of a deal that helps provide for accountability and assists in audits and compliance.In other words, the proper usage of accounting vouchers builds financial discipline and makes error-free reporting off results in any business possible.

Vouchers have evolved from the handwritten slips used conventionally in accounting systems to automated digital records with the growth of ERP and accounting software. This has made their accounting fast, reliable, and easy to audit. Companies that observe a systematic voucher management process, along with being legally correct, consolidate their internal control processes for better resilience and more transparency.

Put simply, being able to understand various types of vouchers and their usages is not merely bookkeeping but involves building financial discipline and clarity at each level of business operation. Every accountant should master this concept for entrepreneurs or finance professionals to make sure their books are a representation of not just numbers but also trust, accountability, and efficiency.

FAQs

1. What are accounting vouchers used for?

They serve as documentary proof for every business transaction entered in the accounting books.

2. How many types of vouchers are there?

There are mainly seven types, including cash, bank. Journal, purchase, sales, contra, and debit/credit note vouchers.

3. Are accounting vouchers mandatory for audits?

Yes, auditors rely on vouchers as supporting evidence for financial entries.

4. What is the difference between journal and contra vouchers?

Journal vouchers record non-cash adjustments, while contra vouchers record movement between cash and bank accounts.

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