Dictionary of Accounting Terms: voucher system
voucher system
type of internal system used to control the cash (checks) being spent (written). The voucher system consists of vouchers, voucher files (paid and unpaid), voucher register that takes the place of the purchase journal, cash register that takes the place of the cash disbursement journal, and the general journal. This system ensures the person paying the bills that the bills are proper and should be paid. On the due date a voucher is removed from the "unpaid" voucher file and forwarded to the firm's disbursing officer for final approval of payment.
