Voiding Payments: General Information

You can void an AP payment that was previously released in the accounts payable subledger.

Learning Objectives

In this chapter, you will learn how to void a released payment.

Applicable Scenarios

You void payments when a payment with an error has been already released.

Process Description

You can void a payment on the Checks and Payments (AP302000) form by clicking Void on the form toolbar. The system creates a new document of the Voided Payment type, which has a negative amount in the Payment Amount box to reverse the original transactions on all accounts involved. When this document is posted, all original entries to the general ledger are also reversed.

Workflow of Payment Voiding

The following diagram illustrates the workflow of payment voiding, which is a part of the AP payment processing workflow.