What Is a Voucher?
A voucher is used as a redeemable transaction material worth a specific monetary value. It is often used to get discounts and purchase goods without spending money. Vouchers come in different forms and usage. They can be given out as gift certificates/gift cards, or you can use them as discount vouchers when ordering in your favorite restaurants. Clarity and clearness of the content is the number one element in crafting a useful and usable sample voucher.
How to Create a Voucher?
Usually, use simple vouchers have very minimal designs, and that's because people tend to look first on what the voucher entails and offers to them. It is vital that when you create one, do it more directly and conclusively. We have provided you the different steps on how to do just that.
1. Determine the Type of Voucher
First, start by determining the type of voucher you're going to make. Birthday vouchers and gift vouchers are just two of the many varieties that you can choose from. Be perceptive in choosing one because this will be the basis of the theme, layout, and content of your voucher as you go through the voucher-making process.
2. Cover the Details
The next thing to do after determining what type of voucher you're going to make is to provide details. The content of the voucher is the most important one. If you're going for birthday vouchers, then all the entailed details should be about the birthday and not the other way around. Provide details that are relevant to the type of voucher you are making.
3. Keep It Simple and Direct
An important thing to remember in making a voucher/coupon is to keep its content as direct as it can be. Avoid putting words that are not necessary and will make your voucher overcrowded. If you're going for discount vouchers, it's good to directly state and highlight the discount that you're customers are going to get. Statistics show that 60% of consumers feel that shopping is competitive, and getting a better price than others makes them feel like winners.
4. Make Use of Bright and Attracting Colors
When designing a voucher/coupon template, use popular colors for its layouts. It will help you to make your voucher more noticeable. As much as possible, don't exaggerate its designs to the point where it already occupies all the space of the voucher. Don't let it overpower the content of your voucher.
5. Print and Market Your Vouchers
Did you know that the best way that you can market your voucher is to attach it in electronic mails (emails)? Statistics show that emails with coupons have a 14% higher open rate, 34% jump in unique clicks, a 27% increase in transaction rates, and a whopping 48% boost in revenue per email, compared to other types of email ads. If you're planning to do so, check it first for correctness. Make sure that all the essential details are organized and in order. Proofread everything if you must to ensure that your voucher is worth availing for.
Why Does Companies Use Voucher?
Vouchers are famous as 'source documents,' for they help in identifying transaction sources. Companies use such coupons for enticing customers to shop more. They provide it to them on exceeding a shopping bar. This strategy helps in higher sales of products and services as customers get persuaded seeing exciting offers.
What are the Different Types of Vouchers?
Commonly there are two types of vouchers:
- Source Vouchers- It refers to the receipt created at the points when a business makes a transaction containing all the essential information.
- Accounting Vouchers- It records business transactions for accounting purposes. It counts both cash vouchers like credit and debit voucher; and non-cash vouchers like debit note, credit note, and invoices.
What is a Payment Voucher?
A payment voucher is a document generated following a monetary transaction from one party to the other. Companies and businesses often use such prepaid vouchers instead of cash for several purposes. You can call it a receipt or an invoice that indicates the nature, date, and time of the transaction.
How Voucher and Invoice are Different?
- A vouchers record transaction from one party to the other, the invoice enlists several goods and services, its price, contact, and address for payment.
- Vouchers are made post the organization's order, and the receiving report matches the vendor's invoice. An invoice is made when an individual makes an order with a due date.
What are the Features of Vouchers?
- Vouchers are evidence of the transaction, and it is always in written form.
- It records the period of the transaction and must relate to an accounting year.
- It showcases the nature of transactions like on any purchase, sale, payment, expenses, etc.
- It contains authority approval proof like signature and stamps.