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What is the difference between an invoice and a voucher?

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Question added by Ahmed Saeed , Supply Chain and Purchasing Manager , Tuff Gear Ltd.
Date Posted: 2014/01/16
mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Invoice if received is an external document,if issued also is intended for external use. Invoice whether received or issued is a legal claim of the cost of the goods or services both ways.Invoice requires authentication of the concerned authority for issuance.

Voucher is an internal document.Voucher requires the approval of the concerned authority for payment.Voucher can be based on an invoice, whereas the vice versa is not normally there.

Joyce Ann Baldemor
by Joyce Ann Baldemor , Client Business Analyst II , Telus International Philippines

An invoice in layman's term is a bill. Ie: cellphone bill or electric bill while a voucher can be a gift cheque that you can use for a free product/service. Others use the term voucher for receipts.

invoice contain amount and quantity,  voucher contains only amounts

Faisal Shahzad
by Faisal Shahzad , Branch Operation Manager , Al Baraka Bank (Pakistan) Limited

All kind of documentary evidence of any financial transaction is called voucher & invoice specifically pertain to seller and purchaser. And invoice is also a voucher because it is a documentary proof of financial transaction.

Invoice is the bill given to customer for payment whereas voucher is document authenticating the entry of the bill into accounting records. 

Mohamed Esam Mohamed Kamel
by Mohamed Esam Mohamed Kamel , Financial Analyst , Egyptian Water & Wastewater Regulatory Agency (EWRA)

1- Invoice or bill: is a detailed list of items you bought or sold includes quantities, prices and values ... etc

 

2- Voucher: is a formal document of items you bought or sold, could be detailed or not (usually signed and sealed with tax ID) with total value and description to insure valid transaction.

Malik Mohamed
by Malik Mohamed , Consulting on Finance, HR, ERP, Work/Business Analysis, ERP, Re-structure. , Self Employed

Invoice is made for the particular purpose of sale [sales invoice] or in come cases for purchases especially in software entries. 

Voucher on the other hand is for any transaction. 

Mohan Rao Kakarla
by Mohan Rao Kakarla , Senior Accountant , (1982 to 1998 India and UAE) and (1999 to 2010 Abu Dhabi)

An invoice is either received from a supplier (for purchases or services) or issued to a customer (for sales or services). A voucher is an internal document...can be a payment voucher, receipt voucher or a journal voucher.

Gautam Oli
by Gautam Oli , BAR MANAGER , Sainte Anne Resort and spa seychelles. Beachcomber Hotels

As per my knowledge,  invoce is the document get from the external source or supplier to the company

where as vouchers are the documents used by company to pay the dues and bills to the other parties.

Zoubeir Maalem
by Zoubeir Maalem , Income Auditor , Hilton Alger 5***** Hotel

In hotels, the invoice is the final billing with total of charges and payments, but the voucher is not an invoice is like a purchase order sent from the agent when the customer come through the agent and in the end of customer stay we can print a final invoice for the agent.

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