What is Purchase Voucher

A Purchase Voucher is issued by the purchasing company for its own internal records when the company received the vendor invoice from the vendor or supplier who already received purchase order from the company. The Accounts Payable Department checks the vendor invoice and prepares purchase vouchers for getting approval from the company’s management.

The details in vendor invoice must be matched with the purchase order, otherwise, the company may reject it or request for modifications from vendor.

Purchase voucher is one of the Types / Kinds of Voucher.