What is the purpose of a disbursement voucher?

A disbursement voucher is a financial document used to authorize the payment of funds from an organization to a vendor, employee, or other entity. Its primary purpose is to ensure proper documentation and approval for expenditures, detailing the amount, purpose, and recipient of the payment. By providing a clear record, it helps maintain accountability and transparency in financial transactions. Additionally, it serves as a safeguard against unauthorized disbursements.