voucher system

A voucher system is a method of managing financial transactions where a document, known as a voucher, serves as proof of a purchase or an expense. It typically includes details like the date, amount, purpose, and parties involved. Vouchers help organizations track spending and ensure accountability, as they must be approved before payment is made. This system is commonly used in businesses and government sectors to streamline accounting processes, maintain accurate records, and facilitate audits by providing clear evidence of transactions.