Journal Voucher

 It used to transfer records from one account to another account, it also helps avoid future extra unnecessary expenses and also fined errors done in account voucher.

It is the way of entering information about all the accounting details. It includes all the debit and credit transaction. Journal voucher also help to make an adjustment to already created entries,

It also includes all information about revenue, write-off forms, expenditure transfer.

              


If you have a better financial accounting system, It produce lots of thing which helps the company survive better.

=> Statement for Customer :
                     
      With the help of Journal Voucher , customer understand all the entries related to himself and it allow the customer to arrange or manage all the transaction ( invoices and payments) between the two business dates in proper way, It also help to identify outstanding invoices to pay if it has one or more invoices pending.



=> Statement for Supplier

     Journal Voucher helps to validate external accounting records to the supplier. It includes all the details of dates, amount of goods purchased and number of invoice of that month. It also help the supplier to identify whether all the transaction are in same page or not,

=> Cash Flow Statement

      It is the most important financial statement, others are balance sheet, stockholders equity, statement of income etc. with the help of Journal Voucher it identifies all the financial activity and investment or in all matters where cash flow in or out of business. It also shows what effect the balance sheet and cash equivalent.

=> Profit and Loss Statement 

     It is the summarized structure of all the expenses, revenue, cost during the two business days. It helps to identify the ability of company to how it generate the profit by reducing cost.



                                 


=> Balance Sheet 

      Journal Voucher help to calculate all the transaction to create the "balance sheet"  at the end of every financial year. Balance Sheet includes Liability & Assets of the company . It also shows the financial condition of the company, and if the financial condition is good then it creates the better goodwill in the market.

=> Budget Control System

     With the help of Journal Voucher, every organisation manage their goals and achieve it.
       a. It helps to create plan to avoid future damages.
       b. It helps to expands the department co-ordination.
       c. Employee communication improves.
       d. It also improves the allocation of resources.
       e. It is the tool for corrective action plan.





=> Costing Statement

     It is the document that shows all the cost of goods and services are required for particular department.



                                           

                                                  Journal Voucher