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.