Difference Between Journal Voucher And Payment Voucher

A Journal Voucher is an evidence document of Business Transactions. It is like a Journal with authenticated and verified accounting information related to a transaction from qualified chartered accountant firm. It involves non cash items, i.e., Adjustments and Correcting Entries. Payment Voucher is prepared as an evidence of payments made to suppliers, vendors, banks, etc.

A journal voucher contains verified accounting information related to Date, Particulars, Accounts involved in the transaction, amounts, supporting evidence documents of entry such as voucher, receipt or an invoice and authorized signatures. Payment Voucher includes the date, payment amount, account number, address, name of accounts payable to whom the payment is made, signatures and other relevant information as required.