Financially Voiding a Check and Voiding a Check - What are the Differences?
When you financially void a check:
The Vendor Payment’s Document Status must be posted.
The Financially Void Date is used to create reversing Customer Detailed Entries and GL Entries
The Financially Void Date can be in a different Accounting Period, so previous Financial Statements and AP Aging reports will not be affected.
After you financially void a Vendor Payment, its Document Status is changed to Financially Voided, and you cannot delete it.
You must create a new Vendor Payment to pay the original purchase invoices.
When you void a check:
The Vendor Payment’s Document Status must be Open before you can void a check.
After voiding a check, you can print the check again from the original Vendor Payment.
Voiding a check does not create reversing Customer Detailed Entries and GL Entries.
Read Void Checks from Vendor Payment for more details.