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A Disbursement Voucher is a form used to have a check made to pay an individual or an organization for merchandise sold or services rendered. Payment Vouchers are those processed when there is an invoice or contract on file. In this case, a check is prepared to pay for the goods or services.
It discusses disbursement vouchers, checks, cash payments, and compliance with requirements like valid obligations and allotments. The chapter also introduces accounting for construction materials inventory, advances to special disbursing officers, and allocating costs between land and buildings.
Payments eligible for disbursement voucher processing are defined in Buying Manual sections 201 and 203. Examples of common uses at Cornell are: • Payments for rent for university-negotiated leases (i.e., real estate office–related payments) • Utility payments • Reimbursement for non-employee travel (i.e., a job candidate)
Students who are not employees must be added as SP – Special Payments vendors – before a reimbursement can be processed on a Disbursement Voucher. • Enter search criteria to find the relevant Disbursement Vouchers.
What is a Voucher? A voucher is an internal document within a company that is issued by the accounts payable (AP) department. It can be seen as a “memorandum” of the liabilities of the company, and it is used to authorize a payment.
This document is a disbursement voucher used to process a payment. It contains information about the payee, amount to be paid, and requires signatures from the budget monitoring officer, treasurer, and chairperson to certify the validity and availability of funds.
12 wrz 2023 · A voucher in accounting is a critical document that acts as a tool for recording and substantiating the financial transactions within the company. It proves that a transaction has occurred and provides all the information from the initial economic event to further entries into the accounting system. They play a crucial role in maintaining ...
