accounting vouchers is prepared for
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A voucher is a pre-numbered accounting document used to process payments. This is prepared after supporting documents are matched to ensure that amounts are correct. It can be electronic though, often, it is a paper document
Vouchers serve as proof of transactions made in accounting books. When a supplier's invoice is received and paid for, a voucher is created. It keeps effective control over the payables process and serves as evidence that a transaction actually happened.
An invoice's supporting documents are listed on a voucher, which is a document used by an organization's accounts payable division. Accounts payable, or bills owed by businesses to suppliers and vendors, are essentially supported by vouchers.
Any business must have a voucher preparation process. It is required, particularly during audits, and serves as evidence for a transaction between two parties. Due to the fact that a voucher leaves a paper trail of every transaction, it also deters employee misconduct. The company can quickly identify the offender and punish them if there are any discrepancies.
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