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The voucher number of an entry is always the internal number. For most entries, there is a (paper) voucher that is the basis for this number. An example of this is the sequence number on your bank statement: you record this as the voucher number when you enter the bank statement.

After you receive a supplier's invoice, you must create a voucher before you can issue payment. You create a voucher by entering information from the supplier's invoice.

A bill is generally provided to the consumer after the consumer had purchased the amount, whereas vouchers are referred as a bond confirming the details of goods or services and the prices.

Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities. Vouchers are used by accounts payable (short-term bills owed by companies to suppliers), invoicing and payroll.

A bill is generally provided to the consumer after the consumer had purchased the amount, whereas vouchers are referred as a bond confirming the details of goods or services and the prices. The vouchers in many cases have the flexibility to be used later within the validity period of the voucher.

The difference lies in when they are issued and how they are used for accounting purposes. While an invoice is raised to get payment from the customer, a receipt is issued after receiving the payment from the customer. Typically, a receipt is issued only after the customer pays in full.

voucher. noun [ C ] /ˈvɑʊ·tʃər/ a piece of paper that is a record of money paid or one that can be used to pay for particular goods or services: Just present your travel voucher to the airline ticket agent, and she will give you the tickets.

A voucher is a written document on the basis of which the company maintains accounting records. In contrast, an invoice is termed as a written commercial document issued to a buyer by the seller. It states the transaction details of the sale of goods or services. An invoice is generated at the time of sale.