Void A/P Posted Payments

Use this utility to void previously posted checks, wire or EFT payments. This utility also writes reversing A/P journal entries for all currency gains and loss distributions that were created when the payment you are voiding was originally posted.

Note: When voiding a payment that includes commission pay, the commission due status is changed from Complete to Pay, enabling you to use the Payment Generation activity to regenerate a check for the commission due amount.

After you set the parameters and preview the results, use the Process field in the grid to select which payments to void. When you are finished selecting the individual payments, select Commit and click the Process button to create the journal transactions and update records to void.

After the journal transactions have been entered, a report is created showing the A/P posted payments that were voided.

Caution: If the A/P payments are manual checks, are compressed, or are multi-site, you cannot void them using this utility.