Void Direct Debit – A summary of the activity

This activity allows you to reverse the direct debit payment done against a payment voucher. You can declare the direct debit for a voucher as void if the voucher is in the “Paid” status. You can carry out a search to retrieve direct debit details by specifying the bank number, company reference, payee and pay date. The system retrieves the direct debit details based on the search criteria entered. You can select the reason due to which you want to declare the direct debit as void and also record your observations or comments. The system generates a void document and updates the status of the payment vouchers as “Void”. The system also reverses all the accounting entries that have been posted by the corresponding vouchers.

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