Daily Operations -- Voiding Checks and Receipts

Click a link below to view the other sections in Receivables:

• Reconcile Bank Accounts
• Transfer Funds
• Recording Electronic Fund Payments

Return to the Daily Operations page here.

Voiding Checks

Use Bank Accounts/Void Checks

Sometimes you need to void a check that was returned for insufficient funds, lost in the mail, or for any reason need to be backed out of the system. When you post voided checks, the system reverse-posts the transaction and marks the check as voided on reports.

To void a check, you enter the bank account on which the check was written, a posting date for the void transaction, and the check number. The window displays the check date, amount, and payee for verification. You save and post the entry to complete the action.

Voiding Receipts

Use Bank Accounts/Void Receipts

Occasionally you will want to void a payment from a customer or other payor that was returned for insufficient funds -- or that for any reason needs to be backed out of the system. You can void any receipt that you have entered and posted as a deposit or as an on-the-spot payment on a sales invoice.

To void a receipt, you enter a posting date for the void transaction and the receipt number. The window displays the original transaction date, the receipt amount, and the payor (if available) for verification. You save and post the entry to complete the action.