Void Payment or Payment File

Voiding of payment also triggers funds reservation but with a negative payment amount.

You can void the individual payments or the entire payment file. If any errors occur, payment void action terminates, and the payment remains in negotiable status. You can review the reasons for funds reservation failure from the View Funds Status dialog box.

Note: By default, the budget date for void action for an invoice payment is same as the Void Accounting Date. You can update this date.

If you void a payment file, you can specify the budget date for the void action. You can void a payment file only after voiding all the payment parts of the file. Void action isn’t successful if an error occurs in even a single payment. You can review the details of payments with funds reservation failure in the ESS log files. You can void these payments individually from the Manage Payments page.

How You Reissue Payments

Reissue of payment involves voiding of the original payment and issuing a new payment in place of the old one. When you reissue a payment that was earlier subjected to cash budget, the original payment is unreserved and marked as voided. The newly issued payment is subjected to funds reservation. The reissue process is terminated if the following processes have any issues:

• Voiding of original payment

• Issuing of new payment

In both cases, the payment remains in negotiable status. You can review the reasons for failure from displayed error message.