voucher system

noun

Accounting. a procedure for controlling disbursements by means of vouchers.
Also called voucher plan. Education. a plan in which each school-age child receives a publicly funded entitlement worth a fixed amount of money with which their parents or guardians can select a participating public or private school for the child to attend.

First recorded in 1880–85

The state also has an extensive voucher system to subsidize the cost of purchasing new electric vehicles.

The method of filing invoices depends on whether or not a complete voucher system is used.

When no voucher system is used, all invoices should be filed alphabetically in a vertical file.

The logical step to make the voucher system complete in every detail was the introduction of the journal voucher.

When properly handled, the voucher system does away with the purchase ledger, no ledger accounts with creditors being necessary.

Not every business readily adapts itself to a complete voucher system.

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