Which is the best definition of a voucher?

Which is the best definition of a voucher?

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 the purpose of a voucher packet?

This packet is useful for keeping related documents in one place, and makes it easier to both justify and audit payables transactions. A voucher is created following the receipt of an invoice from a supplier.

How are vouchers used in the payables process?

Voucher definition. A voucher is created following the receipt of an invoice from a supplier. It is stamped “paid” when a check or electronic payment is made to a supplier, and is then archived, along with any supporting documents. Vouchers are useful for maintaining a higher level of control over the payables process. If vouchers are used…

How is a voucher attached to an invoice?

Voucher information may be assembled into a packet, where the basic voucher document is attached to the supplier invoice, evidence of receipt, and purchase order. This packet is useful for keeping related documents in one place, and makes it easier to both justify and audit payables transactions.

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When do you get a voucher from a supplier?

A voucher is created following the receipt of an invoice from a supplier. It is stamped “paid” when a check or electronic payment is made to a supplier, and is then archived, along with any supporting documents.