A journal voucher serves as a record of every financial transaction. It acts as the cornerstone for entering particular financial transactions into the accounting system. In the course of their auditing operations, auditors usually look over the journal voucher. Journal Voucher (JV) information covers things like
- Voucher date and number
- The deal
- Identifiable number
- The amount of money involved and any additional taxes
- Impacted accounts
- Links to additional documents
- Signatures of the entry’s creator and the person who gave their approval
Making accounting entries, allocations, and corrections that are not possible through standard financial channels requires the use of journal vouchers. When it comes to correcting mistakes in cash receipts, cheques, credit card purchases, and invoices, they are especially helpful.
