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:
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Realized gains or losses on foreign currency invoices are reversed.
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If the Create interest invoices option on the Manage Invoice Options page is enabled, all related interest invoices are reversed.
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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.