Verification

Last updated: 2021-06-21

For all business events there must be a document that clarifies the purpose of the event. These documents are called verifications.

A voucher can, for example, be a receipt or an invoice, but it can also be a promissory note or an adjustment to the bookkeeping.

In order for a document to be classified as a verification, the following information needs to be present:

• When the voucher was created
• When the business event occurred
• What the business event refers to
• The amount (including specification of VAT)
• Reference to any supplementary documents
• Number or other identification to connect the voucher with the business event
• Information about the parties affected by the business event. This only applies to certain document types. Read more about invoice and receipt

According to the Accounting Act, vouchers must be saved for at least seven years.