Date post: | 30-Dec-2015 |
Category: |
Documents |
Upload: | florence-knight |
View: | 230 times |
Download: | 3 times |
Voiding a check/cancelling a payment already recorded in the G-L
Voiding a Check
why this is important
when this will be used
how you do it
review
presentation structure
why this is important
For PACT: Ensures bank
account balances are accurate.
For YOU: Accurate bank
account balances and easy
reconciliation.
when this will be used
Payments posted incorrectly
Checks too old to be cashed
how you do it
1
Locate the check
2
Clear check from Reconciliation (if needed)
3
Void the check
4
Confirm the Void status
Locate the Check
1Select Bank
Accounts
Locate the Check
2Select the
bank account
Locate the Check
3Select the
Navigate tab
Locate the Check
4
Select Entries
Locate the Check
5
Select Check Ledger Entries
Locate the Check
how you do it
1
Locate the check
2
Clear check from Reconciliation (if needed)
3
Void the check
4
Confirm the Void status
Clear Check from Reconciliation
1
Type ‘Bank Reconciliation’
2Select Bank
Account Reconciliation
Clear Check from Reconciliation
3 Select the appropriate bank
account
4Click View
Clear Check from Reconciliation
5
Open the Checks fast tab
Clear Check from Reconciliation
6Select the Actions tab
5Select the check
Clear Check from Reconciliation
Select Clear Lines
7
Clear Check from Reconciliation
5Click OK
Clear Check from Reconciliation
Clear Check from Reconciliation
how you do it
1
Locate the check
2
Clear check from Reconciliation (if needed)
3
Void the check
4
Confirm the Void status
Void the Check
1Select the Actions tab
Void the Check
2Select Void
Check
Void the Check
Unapply and Void Check option…
Voids the Check
Allows user to reselect invoice(s) for payment
When you want to void the check and cancel the invoice
Use it…
When you have Misprinted or Lost checks
For most transactions
Void the Check
Void Only option…
5
Click Yes
Voids the Check
Closes the Invoice
For very specific transactions
Use it…
When you do not need to reselect invoice(s) for payment
how you do it
1
Locate the check
2
Clear check from Reconciliation (if needed)
3
Void the check
4
Confirm the Void status
Confirm the Void Status
2Select Void
Check
Financially VoidedVoided after check was posted
VoidedVoided before check was posted
review
Some important points to remember about this module:
Why? It is important to void checks to ensure an accurate balance and a smooth reconciliation.
How? The basic steps are to…
• Locate the check
• Clear the check from reconciliation (if needed)
• Void the check(use the Unapply and Void Check option to void check and keep invoices open for payment)
• Confirm the Void Status
When? Checks should be voided when a posted check is too old to cash or the payment was entered incorrectly.
how you do it
1
Locate the check
2
Clear check from Reconciliation (if needed)
3
Void the check
4
Confirm the Void status
Congratulations! You have completed the
Serenic training module on Voiding a Check.
Check out the other Serenic training modules or
click Restart below to repeat this module.
XRestart Exit