The Cheque Cancellations sub-module allows for the cancellation of single cheques through a batch process. A batch code specifically created for canceling cheques must exist. This batch code defines which G/L clearing account and bank account will be used for the reversing entries.
When a cheque is cancelled, the invoice(s) associated with the cheque will be included in another cheque run (unless the invoice is already cancelled). The cancellation date will be the current calendar date.
Note: Returned cheques cannot be cancelled. The returned cheques must be unreturned before canceling, otherwise an error message will be displayed. This is applicable to both cheques and EFTs. Refer to How to Undo a Cheque Return for more information on this process.
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