NetSuite: Reversing a Voided Bill Payment
Reversing a Voided Bill Payment
Process:
1. Open the posting period from the bill payment and any succeeding periods
(This only applies if the bill is not in the current period)
2. Navigate to the voided bill payment
2a. Review the reserved journal entry linked to the voided bill payment; take note of the GL impact
3. Edit the bill payment
4. Under Actions click delete
5. The bill payment is now deleted as well as the reversing journal entry
6. Navigate to the pay bills screen
7. Select all the bills that were listed in the previous bill payment to be marked as paid
8. Click Save
9. Allow the system processing time to create the bill payment
10. Navigate to the pay bills screen
11. Select the bill payment check to be printed
12. Save the check
13. Compare the GL impact listed on the NEW bill payment and be sure it is the opposite to the reversal journal entry GL impact