A good voucher system includes a set of procedures and approvals designed to control cash disbursements and the acceptance of obligations.

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A voucher system is designed to ensure that all cash disbursements and obligations are properly authorized and recorded in order to prevent fraud and errors. The system typically includes a series of procedures and approvals, such as requisitions, purchase orders, invoices, and checks, that are carefully documented and reviewed by multiple parties before any money is paid out. This helps to ensure that all expenses are legitimate and reasonable, and that any potential problems or discrepancies are identified and corrected in a timely manner.

A Good Voucher System Includes a Set of Procedures and Approvals