How toVoid a Closed Period Bill Payment

IfVoid Transactions Using Reversing Journalspreference is disabled, re-open thePeriodandVoidtheBill Paymentwith the following steps:

1. Navigate toSetup>Accounting>Manage Accounting Period> Click onPeriod Checklistof the closed period and click onClose Task.

2.EnterJustificationand click onReopen Period.

3.Navigate toTransactions>Payables>Pay Single Vendor>Lists> click onEditlink on theBill Paymentand click on theVoidbutton.

4.ClickSavebutton.

IfVoid Transactions Using Reversing Journalspreference is enabled, a voidingJournal Entrycan be created for the open period. Below are the steps:

1.Navigate toSetup>Accounting>Accounting Preferences>Generaltab > markVoid Transactions Using Reversing Journalscheck box and click onSavebutton.

2.Navigate toTransactions>Payables>Pay Single Vendor>Lists> click onViewlink on theBill Paymentand click on theVoidbutton.

3.AVoiding Journalwill display withMemoonVoid Of Bill Payment xxxx.

4.Enter preferredDateand open period on thePosting Periodfield.

5.ClickSavebutton.

6.On theBill Payment>Applytab >Applied Tosubtab, notice that theJournalcreated above is automatically added.

Note:It is advised not to re-open a closed period since there might be a chance that some accounts will be revalued and may also have an impact during the company's audit. Please consult with the Finance team before re-opening the period.