Difference between Voucher and Transaction in Tally

In Tally, a voucher is a document used to record financial transactions, while a transaction is the actual exchange of goods, services, or money that is recorded in the voucher.

A voucher in Tally is a one-time entry that represents a specific transaction such as a payment, receipt, purchase, or sale. It contains details like the date, amount, accounts involved, and narration.

On the other hand, a transaction in Tally refers to the overall process of exchanging value between parties, which may involve multiple vouchers representing various aspects of the transaction.

It is essential to correctly record vouchers in Tally to accurately reflect transactions and maintain the financial integrity of the business.