Void payments

When payments get lost in the mail, are issued in error, or are no longer valid, you can void them in the Payables application.

You can void payments that have made it all the way through the cash payment cycle. You reinstate the invoice to reverse the general ledger payments, and then create a new payment for the reinstated invoice or cancel it. For example, if a vendor never received payment or if you created an invoice for the incorrect vendor, you can reissue a payment using the same invoice.