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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 used by a company’s accounts payable department in order to collect and organize the necessary documentation and approvals before paying a vendor’s invoice.
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 is a physical or virtual paper or a plastic card that holds an amount of money that is designated for purchasing something. The most common examples are the voucher cards given to participants with their Social Security benefits; however, they can also be found in places like grocery stores, malls, and pharmacies.
The meaning of VOUCHER is a form or check indicating a credit against future purchases or expenditures.
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.
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.
According to the Cambridge Dictionary, a ‘voucher’ is: “A piece of paper that can be used to pay for particular goods or services or that allows you to pay less than the usual price for them. (US) A scholarship for a private school.” Voucher in the English language.
What Is A Voucher In Accounting? A voucher in accounting is a significant document generated by a company's Accounts Payable department and it helps authorize, record, report, and authenticate the financial transactions within an organization.
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.