Journal + payment voucher or multi entry payment voucher?

Guru (Others) (30 Points)

15 January 2014  

Hello I'm an SME owner and would like to know what's the better accounting ettiquette for simple purchase transactions?

 

- Journal voucher: Debit Expense head, Credit Sundry Creditor and then a same day Payment Voucher: Debit Sundry Creditor, Credit Bank Acc

- or a single payment voucher will all 4 entries

 

Since I'm not a qualified accountant/auditor, I would like to at least make my Tally file easy to understand for others.

 

Thanks in advance.