How to Reverse a Vendor Payment

To reverse a vendor payment:

1. Click on Vendors.
2. Select the vendor where that payment is posted.
3. Click on Invoice and Payments tab.
4. Select the payment to be reversed.
5. Right click and select Reverse or click on the dropdown and select Reverse.
6. Select or enter the date of reversal.
7. Enter the reason of reversal.
8. Click on Reverse.

If a vendor payment has been reconciled an error message will display.

Confirmation of the reversal will display.

Once a payment has been reversed the original payment will have a status of Reversed with an audit trail for transparency.

Review the Invoices & Payments tab and ensure that the option to Show reversed transactions is selected to view the reversed transaction.

A reversal cannot be undone or reversed.