Reversal of Payment

Reverse processed payments in the system.

Navigation

1. From the homepage, go to Finance module.

2. Navigate to the Accounts Payable and Reversal of Payment.

Guide

1. Click the Create New button.

2. Under Details, set up the following:

• Business Entity
• Date Reversal On: Approval Date, Original Document Date or Select Reversal Date
• Date (if select reversal date chosen)

3. Under Reversal of Payment Items, click the Add Payments button to select the payments to be reversed from the list.

4. Once done, click the Submit for Approval button.

Notes:

• If a Posting Date is not specified, the system will post the reversal on the Approval date.
• If a Posting Date is selected, the system will post the reversal on the chosen posting date.

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