Voiding Paycheck when Enable check reversal for voiding options is enabled

The following steps will show you how the voiding process be when Enable check reversal for voiding options is enabled.

This form can be opened on Company Preferences form > Default tab.

1.This is the original Paycheck transaction.

2.Clicking Unpost button will open the Void Check Options form.  In this form, you will need to enter the date when the check is reversed in the Check Reversing Date field.  After entering the date, click OK.

Note: Voiding a paycheck will create a reversal paycheck transaction.  See below how this will change the original paycheck transaction and how the reversal paycheck transaction will look like.

Here is how the Original Paycheck will look like after the reversal.

a.)At the top right of the form, there will be a hyperlink that says ‘Reversed on <date reversed> in <Reversal paycheck transaction ID>’.  Clicking that link will bring you to the reversal paycheck transaction.

Here is how the Reversal Paycheck will look like.

a.)At the top right of the form, there will be a hyperlink that says ‘Reversal for <Original Paycheck transaction ID>’.  Clicking that link will bring you to the original paycheck transaction.

b.)Pay Date will have the date you entered in the Check Reversing Date field of Void Check Options form when you Unposted the original paycheck transaction.

c.)Amount fields will show a number opposite to that of the original paycheck.

Check Number Audit impact:

Both the original and reversal paycheck transaction will have the same check number and the said check number will have a void remark in the Check Number Audit form.

Bank Register impact:

This is how the original and reversal paycheck transaction will look like.  Take note that both will be marked as Cleared.

Bank Recon impact:

Since both are cleared, those will not anymore show in Bank Reconciliation form or even when printing previous reconciliations.

General Ledger impact:

Task: 3976