Reverse Pay Voucher – A summary of the activity

This activity allows you to reverse a payment or a prepayment voucher. Once a voucher is reversed, all the account postings that have been done to the finance book are all nullified. You can search and select the voucher that you want to reverse. Vouchers are reversed when a major mistake has been encountered in the voucher creation process.

The system generates a reversal document with a unique number along with the reason for reversal. The reversal entries of the reversal document nullify the entries made in the finance books so far and the status of the voucher is updated to “Reversed”. The status of the reversal document is updated to “Authorized”. This activity also allows you to view the postings that have been made in the different accounts after the voucher is reversed.

This activity also allows you to view the voucher details, payment information, the instrument details, the direct debit information; the credit document associated with the payment vouchers and the hold/reversal details of the payment voucher. This activity also allows you to view the details of the prepayment voucher. You can also view the cash payment details if the payment is made to the supplier in cash.

This activity also allows you to view the details of the credit documents like the expense invoice, order based invoice, repair invoice, account based credit note and prepayment invoice. If you want to include any additional comments regarding the pay batch you can also enter notes. The system maintains a history of these notes.

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