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NetSuite: Reversing a Voided Bill Payment

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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 impactclipboard_e39080235d73cdd481189797f916ecf69.png

3.   Edit the bill payment

4.   Under Actions click delete

clipboard_ea793795d350a2edf6af9e57660455970.png

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

clipboard_e8b0e27a322414287409bdcad7e030783.png

clipboard_ecd506b22f506e67b6b066e043e17e7bb.png

10.  Navigate to the pay bills screen

11. Select the bill payment check to be printed

12. Save the check

clipboard_eb09053c8c25ebe51b7bc56eef7100e48.png

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

        clipboard_e8d525ab88c66b3d18d6ea9cfb54f4940.png

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