Accounts Reconciliation Blog

The company I work for is engaged in trade. We buy and sell products. We order products from manufacturers on wholesale and sell them at retail prices. We also have retail rentals to pay as well. When paying suppliers, we all need to fill out an accounts payable voucher. The accounting department that receives the voucher then prepares the payment.

The accounts payable voucher can come in many forms. It some companies, it’s just a simple sheet of paper with details of the payee. The voucher usually contains the name of the payee, the amount and the due date. Usually, the payee’s billing invoice is attached to the voucher as well. When the check is ready, the check could also be stapled to the voucher.