Part 17- How to Void a Check - YouTube

Good afternoon welcome, today I'm going to show you how to avoid a check in the newest

version of the AccountEdge. So I am going to go my command center and I'm gonna go to spend

money and in the spend money screen I'm gotta check number

1936 today's day. It could be any day could have been from two days ago I'm gonna my edit

button and I am going to void the check. It will can ask me if it's OK to void the check and I'm

gonna say okay and now it's mark Void and the final step is to record it. I'm

gonna close the screen panel. I am also do it inside a bank register. I am able

to void a check inside of bank register or spend money. So I'm

gonna go to bank register and now I am on check never 1937. I can see I just

done my void and today's date. And I am on this line item to spend money, I go edit

Void bank register check. Record and ok to void it.

Its marked void in the right corner and I'm gonna hit record. Now there may be an instance

where I'm going to want to void a pre-existing check that maybe it's old

maybe it's wrong maybe I never mailed it out but there's always a reason to void a

check and I'm gonna go in my register locate

a cash disbursement and I'm going to click on that. I have a $500 check from

March 5th 2016 then I go to my upper menu bar click edit and I'm gonna avoid this check. Now

what you see here is reverse payment. I will explain that in a minute but voiding this

transaction will create a reversing entry and mark the transaction has

voided in the memo field. So I'm actually doing is a better accounting

method where I have my security preferences set

to reverse to show the in and out of the transaction. I can hit ok it's actually

preparing that reversal that's got a void on it now I'm gonna actually date

that as it today and I will show it to you in my register when we are done. So that original check here

is my register for $500 is a void and the offsetting makes a second entry void

reversal for $500. One last sample would be if I return to my setup and I go to

set up and I got to preferences and I say don't reverse my transaction and I say

okay it would behave a little differently in my screen. So

sample of here's another check to Comcast from that month and it's going to actually

allow me to simply the Delete or Void the check. So that would actually void this

check cleared the amount as you can see which leaves no audit trail. You can get a

session report on it, you can have your audit trail, it just how you'd like to

do it. I prefer to do a reversal so you would see the in and the out on bank statement. Your

Bank statement reconciliation is gonna be easy but in the meantime I would just

say okay. And now that transaction has been voided. If you didn't know where to

set up in your preferences

audit trail leave belive that on of my system tab it's a underI Security

tab use audit trail all tracking system wide. So when you wrote an audit report you

didn't reverse your transactions you could at least I see what you did. So have a good

day and thanks for listening!