What is the primary use of a check stub?

The primary use of a check stub is to serve as a source of information for the journal. In financial record-keeping, check stubs provide a detailed breakdown of the transactions related to a specific check, including the amount paid, payee, and purpose of the payment. This information is vital when recording entries in the accounting journal, where transactions must be accurately documented for tracking expenses and maintaining financial integrity.

While cash receipts summaries, official sales records, and outstanding invoices are important elements of financial documentation, they serve different purposes in accounting. Check stubs, specifically, are focused on documenting individual transactions related to check payments, making them a direct source for journal entries in the accounting process. This precise function underscores the significance of check stubs in maintaining a meticulous financial record.