What happens if I void a payment?

The accounting and payment records for the invoices that were paid are automatically reversed.

If applicable, the following transactions also occur:

• Realized gains or losses on foreign currency invoices are reversed.

• If the Create interest invoices option on the Manage Invoice Options page is enabled, all related interest invoices are reversed.

• If the invoice is associated with a withholding tax invoice and tax is withheld at payment, a reversing invoice is automatically created. This reversing invoice for the tax authority offsets the withholding tax invoice.

Note: When you void a payment, you can select to cancel the invoices, place a hold on the invoices, or leave the invoices available for payment.