About voiding a transaction or fund transfer

Voiding is the process of canceling and reversing a transaction or making a payment form unavailable for use as a system or manual payment.

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