What are voucher payments?

A payment voucher is a way to record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.

How do you Unpost a paid voucher in PeopleSoft?

Steps to complete Step 1: Verify the voucher has a “Posted” Post Status. Step 2: Un-post the voucher. Step 3: Verify the voucher has been unposted. Step 4: Correct the error on the voucher, and rerun the Matching and Budget Checking.

What is prepaid voucher in PeopleSoft?

The prepayment functionality in PeopleSoft Payables: Allows a payment to be made to a vendor without an invoice. Creates accounting entries for the prepayment. Applies VAT and withholdings to the prepayment. Facilitates the application of the final voucher to the prepayment.

What is voucher build process in PeopleSoft?

The Voucher Build process controls the release of the vouchers based on the contract release date option that is specified for the PeopleSoft Payables business unit on the Payables Definition – Voucher Build page. The Voucher Build process selects contract data that is staged to the contract staging tables.

Is a voucher a check?

A voucher check is a kind of check that is attached to a stub that explains the purpose of the check, the contents of the check, or both. Before a voucher check is deposited, the stub is removed and filed. A number of companies use the voucher check format for their payroll processing.

What is the difference between a voucher and a check?

The checks are usually business sized—longer than a standard check but with the same width. One part is the check and the other two parts are the vouchers for the payee and issuer for their respective records. A voucher is essentially the backup documents for accounts payable, invoicing, or payroll.

How do I Unmatch a voucher in PeopleSoft?

Enter the Voucher ID….The Search Results display at the bottom of the page.

1. Select the Undo Match checkbox next to the voucher(s) to be unmatched.
2. Under Action select Undo Matching.
3. Click Run to confirm the unmatching of the selected voucher(s).
4. Click OK on the Undo Matching message.
5. Click OK.
6. If Deleting the voucher.

How do I cancel my PeopleSoft voucher?

PeopleSoft Tips: 1. Enter Voucher ID to delete in the blank field and click to Search. 2. Select the Voucher ID hyperlink to open the Delete voucher page.

Why are vouchers prepared?

A voucher is prepared every time the company makes a payment. Hence, vouchers are prepared for other disbursement transactions like cash purchases, payment of payroll, replenishment of petty cash and other funds, payment of debts and other obligations, and even payment of dividends.

What does a voucher check look like?

Voucher checks are commonly used by a company’s payroll department and are referred to as payroll checks. The voucher will contain a voucher number, name of the payee, date, amount (gross and net if any deductions), signatures, and any memo notes that need to be recorded.

How do you use a voucher check?

How to use a Check Voucher?

1. Gather and review all relevant purchase documents and information.
2. Prepare the Check and Check Voucher.
3. Attach the Documents and the Check in the Check Voucher.
4. Submit the Check Voucher for Approval.
5. Release the Check to Payee/Vendor.

What does voucher mean on a check?

A voucher check is a check variant with two vouchers attached to it. The voucher usually explains the purpose and the contents of the check. One voucher is kept by the recipient of the check for better recordkeeping before cashing the check. The bearer of the check keeps the other voucher.