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The Voucher System: Using the Check Register

17 February, 2016 - 16:01
  1. When a voucher is paid, it is recorded in the check register.
  2. The check register is similar to the cash payments journal.
  3. All checks should be listed numerically, even those thatare voided.
  4. Cash in Bank account should always be credited. If a discount is taken, credit the Purchases Discount account.
  5. Voucher numbers and a running cash balance column are used in the check register.