at which point in a companys growth would u recommend a voucher system?

Voucher System of Control A voucher system is a set of procedures and approvals designed to control cash payments and the acceptance of liabilities that consist of Verifying, approving, and recording liabilities for cash payment. Issuing checks for payment of verified, approved, and recorded liabilities. A voucher system's control over cash payments begins when a company incurs a liability that will result in cash payment. The system only allows authorized departments and individuals to incur liabilities and limits the type of liabilities. In a large retail store, for example, only a purchasing department is authorized to incur liabilities for inventory. Purchasing, receiving, and paying for merchandise are divided among several departments (or individuals). These departments include the one requesting the purchase, the purchasing department, the receiving department, and the accounting department. To coordinate and control responsibilities of these departments, a company uses several different business documents. Exhibit 6.1 shows how documents are accumulated in a voucher, which is an internal document (or file) used to collect information to control cash payments and to ensure that a transaction is properly recorded. This specific example begins with a purchase requisition and ends with issuing a check