Voucher Posting

Dec 01, 2006 1 Replies

Hello. In my previous software packages at small companies, the simple A/P process has been voucher entry followed by selecting invoices for payment and running checks. My two most recent client acquisitions have software reflecting a step after voucher entry called "voucher posting," which is necessary in order to move forward. Is there anything more to this than SarbOx inspired queuing so that additional parties can review the entries? My older softwares always auto-posted as I was entering vouchers... Just curious why this has started popping up for me. Any input on what might be happening "behind the scenes" in this step would be appreciated!



Cheers,



Delilah



It is nothing new with ERP systems such as SAP and JD Edwards. It has always been a common sense internal control procedure even before SOX. Posting is the second step of the accounting cycle. A supervisor is supposed to check your entries for correct coding, amounts, etc. It is also an additional control measure to catch employees who enter vouchers in their own names and cutting a check, or paying their personal bills.

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