Hi all,
I have got the issue in voiding the payments.
Payament made for $1000 in chek method and account has been created. It also cleared with the bank.
Now I want to void the payment.
Somebody plz explaine how to void the payments and how the accouting entries will be effected.
Regards,
Jayaram.
Void payment
HI Jayaram.,
Go to payment screen, find and select the relevant payment and from action select void check box to void the payment using none option then payment will be void and you can make new payment of the invoice. The payment entries will be reversed when u void the payment.
All... plz correct if i m wrong
thanks,
Aman
Go to payment screen, find and select the relevant payment and from action select void check box to void the payment using none option then payment will be void and you can make new payment of the invoice. The payment entries will be reversed when u void the payment.
All... plz correct if i m wrong
thanks,
Aman
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Based on the situation above methods will be used. Both are correct but based on situation these will be used
Once Payable Transfer program is executed then you need to rise either credit note or debit note.
In second case when Payment is not reconciled you can void payment (When payment is voided reverse journal is created ). You can reissue Check as when required.
Pls Correct if there is any mistake
Thanks
Once Payable Transfer program is executed then you need to rise either credit note or debit note.
In second case when Payment is not reconciled you can void payment (When payment is voided reverse journal is created ). You can reissue Check as when required.
Pls Correct if there is any mistake
Thanks
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