Cancel a Disbursement and Do Not Reissue
The steps below are for the cancellation of a disbursement that will not reopen the referenced payment request or reissue the payment to the vendor in through payment from the cancel disbursements payable balance sheet account.
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Identify the disbursement transaction associated with the Check that requires cancellation. Ensure that it has not cleared the bank (that is, marked Paid).
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Discard the disbursement transaction to create a cancellation version of the transaction.
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Enter the information to cancel the disbursement.
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Set Cancellation Type to Close.
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Select a Cancellation Reason. For example, set Cancellation Reason to Lost if the check is lost.
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Leave the Scheduled Payment Date blank.
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Submit the cancellation version to final and view updates. The cancellation will not reopen the referenced payment transaction.