Journal voucher

Journal voucher,

Definition of Journal voucher:

  1. A written authorization prepared for every financial transaction, or for every transaction that meets defined requirements.

    A journal voucher is an integral part of the audit trail, and carries (1) a serial number, (2) transaction date, (3) transaction amount, (4) ledger account(s) affected, (5) reference(s) to documentary evidence (such as invoices or receipts) supporting the entry, (6) brief description of the transaction, and the (7) signature(s) or initials of one or more authorized signatories. A journal is, in effect, a collection of financial data culled from journal vouchers.

Meaning of Journal voucher & Journal voucher Definition