Cancel and Reverse Payments

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The Cancel and Reverse Payments screen cancels a payment and reverses the entry. This means the payee can never cash or deposit the cheque.

To cancel and reverse a payment navigate to the menu and select Treasury → Cancel and Reverse Payments

Only cheques that have not cleared are displayed in the List of Values screen.

FIELD	FIELD DESCRIPTION

FIELD	FIELD DESCRIPTION
Organization	Organization of the voucher the cheque was created in. Organization will default to user's organization default and can be changed by manually inputting the organization ID or choosing from the Organizations List of Values.
Acct Date	The accounting period the cheque reversal is going to be recorded in (must be an open accounting period). Accounting period with default to user's Accounting Period default and can be changed by choosing from the Period List of Values.
Type	The voucher type of the cheque reversal can be changed from the default. A Voucher Type Code List of Values is available.
Remark	Optional. Enter any details regarding the cheque cancellation.
Bank Account	The bank account in which the original cheque was issued. This can be chosen from the Bank Accounts List of Values Once bank account is entered the organization and currency cannot be changed.
Cheque	The cheque number of the cheque that is being cancelled. This can be chosen from the Cheques List of Values

Press Enter or tab key.

Save the voucher.

The system assigns a voucher number in the Number field of the Vouchers block.
The voucher needs to be Posted.