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A voucher is a document used by a company’s accounts payable department containing the supporting documents for an invoice. A voucher is essentially the backup...
A voucher is an internal document within a company that is issued by the accounts payable (AP) department. It can be seen as a “memorandum” of the liabilities of the company, and it is used to authorize a payment.
A voucher helps in recording expenses or liability and further helps in its payment. They are also called source documents as they help in identifying the source of a transaction. A few examples of vouchers include bill receipts, cash memos, pay-in-slips, checks, an invoice, a debit or credit note.
A voucher in accounting is a document the Accounts Payable department of a company issues, and it aims to authorize, record, report, and authenticate the financial transactions in the company. The vouchers act as proof of a transaction that took place.
A voucher is an internal document describing and authorizing the payment of a liability to a supplier. It is most commonly used in a manual payment system.
What is a Voucher? A voucher is a document used by an organization's accounts payable department to collect and file all supporting documents required to approve the liability payment.
Definition: A voucher is a file or folder that companies use to store documents that are used for cash distribution authorization like checks, invoice approvals, receiving reports, invoices, purchase orders, and purchase requests.