Set Voucher For Free

As we mentioned above, voucher checks are commonly used by businesses to pay their staff or vendors. Even if a company directly deposits pay into employee bank accounts, they may choose to keep a paper trail via a voucher check.

An example of a cash voucher is a Premium Bond. The employee can cash it in and get its face value in cash. The taxable cash equivalent of the voucher is the sum of money for which it is capable of being exchanged.

Vouchers are also known as 'source documents' because they help identify a transaction's source. Some of its examples include cash memo, cheque, bill receipt, pay-in-slip, debit note, credit note, invoice, etc.

Types of vouchers Explained (1) Receipt voucher- It is also called a credit voucher. ... (2) Payment voucher- It is also called a debit voucher. ... (3) Journal voucher- A journal voucher is also called a non-cash voucher or transfer voucher.

Examples of vouchers are bills, invoices, receipts, cash memos, salary sheets, cheque-book counterfoils, and trust deeds. Generally, vouchers are prepared by accountants for recording transactions with the help of the source document.

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 documents for accounts payable, which are bills owed by companies to vendors and suppliers.

Voucher. noun [ C ] /?v??·t??r/ 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.