What is Journal Voucher and how to create a new journal voucher?

A Journal Voucher (JV) is the accounting document that is used to record financial transactions that do not involve direct cash or bank transfers. It acts as a tool for making journal entries, which help maintain accurate and complete financial records. Each journal voucher involves both a debit and a credit entry to the appropriate accounts, which helps balance the society’s books. For example, if a payment is made for a service, the JV will debit the expense account and credit the bank account. A Journal Voucher ensures accuracy, consistency, and transparency in the society’s accounting records by documenting transactions that do not involve immediate cash flows but are still crucial for accurate financial reporting and compliance.

Please follow the below steps to create a new journal voucher:

1. Go to Accounts, then select Voucher. Click on the " create Journal voucher" option.

2. Select the date, description, debit entry, and credit entry with the amount, then click on save.