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The Voucher System: Important Facts Concerning Vouchers

17 February, 2016 - 15:54
  1. Vouchers must be prepared for all payments.
  2. Vouchers represent written authorization of a payment.
  3. Before a voucher can be approved; the receiving report, invoice and purchase order should be compared keeping in mind possible discounts.
  4. All vouchers should be recorded in the voucher register in a numerical order.