Voucher Check

AAA

DEFINITION of 'Voucher Check'

A two-part combination of a check and voucher. Also known as a remittance advice, the voucher details the reason for the payment by the issuer of the check. The recipient of the voucher check detaches the voucher and retains it for record-keeping before cashing the check.

INVESTOPEDIA EXPLAINS 'Voucher Check'

Voucher checks that are used in computerized accounting systems have three parts that together fit on standard A4-sized sheets of paper for ease of use in printers. In addition to a check and voucher, a three-part voucher check has a check stub that is retained by the issuer. Perforations make the different sections easy to separate.

RELATED TERMS
  1. Canceled Check

    A check that has cleared the depositor's account and has been ...
  2. Cashier's Check

    A check written by a financial institution on its own funds. ...
  3. Certified Check

    A type of check where the issuing bank guarantees the recipient ...
  4. Check

    A written, dated and signed instrument that contains an unconditional ...
  5. Voucher

    A document recording a liability or allowing for the payment ...
  6. Inherent Risk

    The risk posed by an error or omission in a financial statement ...
Related Articles
  1. Why does the IRS withhold income taxes ...
    Investing

    Why does the IRS withhold income taxes ...

  2. When Good People Write Bad Checks
    Budgeting

    When Good People Write Bad Checks

  3. I want to roll over a portion of my ...
    Retirement

    I want to roll over a portion of my ...

  4. Variable Costs
    Investing

    Variable Costs

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center