voucher

Examples of voucher in the following topics:

• Basics of Cash Management

  • A voucher is composed of five parts.
  • Individual vouchers: A voucher is a document that proves a payment was authorized and eventually made.
  • Voucher register: Is a book or spreadsheet that lists every voucher.
  • Unpaid voucher file: Where all vouchers that have been authorized, but not yet been paid are kept.
  • Paid voucher file: Where all paid vouchers are kept.

• Accounts Payable

  • In addition to its disclosure on the balance sheet, accounts payable is recorded in the A/P sub-ledger at the time an invoice is vouchered for payment.
  • Vouchered, or vouched, means that an invoice is approved for payment and has been recorded in the general ledger or A/P sub-ledger as an outstanding, or open, liability because it has not been paid.

• Cash Controls

  • Voucher System: A system focused on documenting every aspect of every transaction to ensure that all required payments are made and are only made once.