Voucher

“ If it is an invariable rule of policy always to maintain a sufficient cash balance to take advantage of all discount offerings, there is nothing seriously wrong with the practice of making up the voucher and entering it for the net amount in the Vouchers Payable column ”

“ A theatre ticket is a contract securing the right of admission to a place of amusement. But the coupon, which is detached and retained by the bearer of the ticket, is a mere voucher, showing a right that has already accrued to the holder. At the moment the bearer presents his ticket for admission his right to the seat designated by the coupon accrues; and the coupon is, therefore, a voucher to prove a present right, rather than a contract to secure a future one. ”

“ In the nomenclature of accounting the term voucher is quite commonly used in the same sense as the term receipt. The only distinction appears to be that a voucher is usually understood to be an acknowledgment of the payment of a particular item on account, while a receipt may be an acknowledgment of the payment of money without reference to the item or items covered.
Since the transaction of business began receipts or vouchers in some form have undoubtedly been used. Some form of acknowledgment of money paid has always occupied a place in business. ”

“ As regards the income from purchase discount, the effect of entering the voucher net is to bring onto the books the purchase discount income as soon as the voucher is entered. Purchase discount is not usually looked upon as earned until payment of the bill is made and thus the right to the discount established. This method then necessitates at the close of the fiscal period an adjustment of the difference between the Discount columns in voucher register and cash book, in order to defer to the next period the discount not yet earned on all vouchers unpaid at the close of the period. ”

“ Even if one assumes that all voucher students came from low-income families and that each voucher student used up the entire $2,250 voucher, at most $8.2 million of public funds flowed to religious schools under the voucher program in 1999—2000. ”

“ The bill expressly summons attention to the voucher; the provision on the voucher is unmistakable. An experienced carrier could not have been unfamiliar with the express terms of a document which it uses regularly, a prescribed document upon which every claim against one of its largest customers must be made.
Since it seems to us that the bill of lading's specific conditions for payment can only be satisfied upon delivery of the shipment to destination, we hold the terms of the government bill to be inconsistent with petitioner's 'Goods or Vessel lost or not lost' provision. ”

“ Force the voucher, a term in use among sporting tricksters, who advertise to send certain winners, and on receipt of letters enclose vouchers similar to those sent out by respectable commission agents, but with double or treble the current odds marked thereon, in reference to the horse named. ”

“ And if this were not so, when the quartermaster in charge receives of a person corn for the government, gives a receipt and voucher for the amount and the price, and the government uses such part of it as it wants, and suffers the remainder to decay by exposure and neglect, there is an implied contract to pay the value of such corn, which value may, in the absence of other testimony, be presumed to be the price fixed in the voucher by the quartermaster. ”

“ The items paid can be listed on the voucher, or there may be a reference to certain invoices included in the payment. Some accountants attach the original invoice to the voucher, but for certain reasons we do not advocate this practice. Until the receipted voucher is returned there is no record of the items covered, unless the invoice has been copied.
Fig. 3. Combined Voucher and Check Used by the Pennsylvania Railroad Company
Some houses are slow in returning receipted invoices, resulting in many annoying delays. ”

“ In order to maintain proper control over the cash, when the note becomes due a check should be drawn for it rather than allow its payment to rest merely on the bank’s memo of charge against the account, where the note is made payable at the bank. If a voucher check system is in use, payment by check results in a momentary transfer of the liability from its status as a note liability to a vouchers payable—an open account—liability. Cancellation of the note is made by distribution of the voucher to the Sundry column of the register as a charge to Notes Payable ”

“ The copy of the voucher is made at the same writing as the original, the amount of each individual voucher is entered but once, on the account folder, and monthly totals, only, are carried to the distribution columns on the recapitulation card.
This system is equally well adapted to the loose-leaf method. A sheet is used for each account, behind which the vouchers are filed, and a monthly recapitulation sheet is provided for distribution.
COMBINED PURCHASE LEDGER AND INVOICE FILE
17. Not every business readily adapts itself to a complete voucher system. ”

“ The disbursing officer to whom the voucher was presented for payment, therefore, is simply a subordinate of the Chief of Finance, subject to his control and direction, and the suit was properly brought against the latter. The purpose of the suit was to control the action of the Chief of Finance, that is, to compel him to pay or cause to be paid the voucher in question. The disbursing officer as the mere agent of his superior officer is not an indispensable, although he might have been joined as a proper, party. ”

“ Let them go and take it. Let each man insist upon leaving behind him a voucher admitting that he had taken away so much, or, if he had the money, put it down there and then at the usual winter's rate per hundredweight. ”

“ The important and indispensable qualification of a voucher is, therefore, that he shall be competent. The Master of a lodge has no right to accept, without further inquiry, the avouchment of a young and inexperienced, or even of an old, if ignorant, Mason. ”

“ When I inform the reader that I have scarcely dipped pen in ink for six years save to unravel the mysteries of a Treasury voucher; that I have lived chiefly among Indians, disbursing agents, and officers of the customs; that I now sit writing in the attic of a German villa more than eight thousand miles from the scene of my adventures, without note or memorandum of any kind to refresh my memory, he will be prepared to make reasonable allowance for such a loose, rambling, and disjointed narrative as an ex-inspector general can be expected to write under such adverse circumstances. ”

“ Scarcely have they sold the vouchers when they are immediately paid, and the purchasers even take the poor wretches to the office of accounts, so that they may be present at the payment, and that it may appear justified, by their saying that they did it of their own accord, for which they give a receipt. ”

“ Sunset.—The authority of the Secretary under subsection (b) , and the authority of a State agency to increase the amount of a cash-value voucher under subsection (c) , shall terminate on September 30, 2021. (e) Funding.—In addition to amounts otherwise made available, there is appropriated to the Secretary, out of funds in the Treasury not otherwise appropriated, $490,000,000 to carry out this section, to remain available until September 30, 2022. ”

“ Voucher Register Showing Entries
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The illustration, Fig. 16, shows the complete record of these transactions in the voucher register. The total footings of all distribution columns agree with the total of vouchers payable column, proving the extensions to be correct. The combined totals of checks and discounts equal the total payment column. Unpaid vouchers are extended, and the total of this column added to the total payments equals the total of vouchers payable.
Fig. 17. Cash Disbursement Book
Our voucher register being in balance, footings are now posted. ”

“ With the goods came a single invoice. The vouchers in triplicate, which must be filled properly before the account can be paid by a governmental department, had been thrown aside as of no use. To protect the exporter, a voucher was drawn, for the ship reached port on June 30, the last day of the fiscal year. Several dollars were wasted in cable messages to expedite the return of new invoices, and the goods were unpacked.
Not one piece of furniture, save a few chairs, was found whole. No American, in the States, would have accepted the goods. ”

“ These few examples will perhaps show clearly the distinction between a ticket and a receipt or voucher, and will make it evident that a ticket is a contract. It yet remains to consider what is the nature of the contract.
It will be noticed that a ticket was defined to be an obligation to give something, not money, to the bearer. An obligation to give money to the bearer is a bill, note, or bank-check. ”

“ AUTHORITY TO DELEGATE AUTHORITY TO APPROVE PAYROLL AND PERSONNEL ACTIONS. Section 1201 of the Supplemental Appropriations Act, 1984 (2 U.S.C. 6598) is amended—
(1) by striking “all vouchers, for payment of moneys,” and inserting “any voucher for payment of moneys, payroll action, or personnel action”; and (2) by striking “any voucher, for payment of moneys,” and inserting “any voucher for payment of moneys, payroll action, or personnel action”. ”

“ A method sometimes used of authorizing journal entries requires the use of a loose-leaf journal for its easy operation. Every entry made by the bookkeeper is sent for approval to the auditor, manager, or other responsible person. Approval is evidenced by signature or initialing. Where the use of the formal journal voucher is found to be cumbersome, this method gives satisfactory results.
Similar to the journal voucher as authority for entry is the debit and credit slip used for authorizing inter-ledger postings. ”

“ A plausible letter is sent with the voucher, and the victim is informed that on account of early investments made by the firm, which has of course a high-sounding title, the extra odds can be laid by them, and a remittance to the amount named, or part of it, is requested. Of course the firm “dries up” when claims become heavy, and, with a new name and new address, appears in the next week’s advertising columns. ”

“ The paid invoices are then placed in a Shannon file drawer by themselves where they can be consulted easily. They form a complete file of sub-vouchers to the cash account for the month. They should never be mailed to our creditors for the purpose of having them receipted; it takes too much energy and time to get them back. In case our creditor fails to return our voucher, we can still prove payment, beyond a reasonable doubt, by producing the canceled check (which he must release sooner or later) and the original invoice exactly corresponding to it in value. ”

“ Very well, we will not oppress you; but you can give your note, and you can file your obligation with the agent, or such authorities of the Fund that it concerns, that they may have some voucher to act upon, or that they can tell at least where the funds are—in whose hands they are lodged ”

“ Every holder of a city order or certificate knows that, to be valid and genuine at all, it must have been issued as a voucher for city indebtedness. It could not be lawfully issued for any other purpose. He must take it, therefore, subject to the risk that it has been lawfully and properly issued. His claim to be a bona fide holder will always be subject to this qualification. The face of the paper itself is notice to him that its validity depends upon the regularity of its issue. ”

“ It puts us on our guard against cheapness by identifying merit in some degree with cost. There is ordinarily a consistent effort on the part of the consumer to obtain goods of the required serviceability at as advantageous a bargain as may be; but the conventional requirement of obvious costliness, as a voucher and a constituent of the serviceability of the goods, leads him to reject as under grade such goods as do not contain a large element of conspicuous waste. ”

“ Requisition for payment of Miscellaneous expenses to include travelling allowances, telegraph bills, and all outlays, except salaries and contractors' pay, not later than six days after the expiration of each month. Only one requisition should be sent in each month. Each requisition should be numbered consecutively throughout each fiscal year. No. 1 should be the first requisition made, for accounts the dates of which should embrace the month of July. On each voucher it must be stated clearly for what object the expense has been incurred. ”

“ Kate Coombs so much wastepaper. The aged woman for thirty years has hoarded the monthly $10 voucher she received for her care of machine covers in the bureau of printing and engraving. To-day her trunk contains 360 of the warrants calling for $3,600 from the treasury. But a treasury law provides that such vouchers must be cashed within two years of the date of issue.
An investigation of the vouchers will be made and they may be paid out of the “outstanding liabilities fund.”
Illinois Central Railroad Has Decrease in Business. ”

“ Deduction Allowed to Employer- (1) IN GENERAL- Section 162 (a) of the Internal Revenue Code of 1986 is amended by adding at the end the following new sentence: `For purposes of paragraph (1) , the amount of a free choice voucher provided under section 10108 of the Patient Protection and Affordable Care Act shall be treated as an amount for compensation for personal services actually rendered.'. (2) EFFECTIVE DATE- The amendments made by this subsection shall apply to vouchers provided after December 31, 2013. ”