Record a Check Stop Payment
Stop Payment (Vendor Check)
If you've made a payment to a vendor and the check was lost, you could contact the bank and order a stop payment. But, you don't want to delete the payment and reenter it in AccountEdge. Here is the correct procedure:
- Select Preferences from the Setup menu at the top of the screen
- Select the Security tab
- Check mark Transactions can't be changed they must be reversed ...
- Close Preferences
- Find and open the vendor payment
- From the top menu bar select Edit > Reverse
- Record the reversal
- You are ready to create a new payment
- If there was a bank fee for the Stop Payment order, you could enter that as a Spend Money transaction, using the bank as the vendor, or record the expense when you reconcile the account
- Select Preferences from the Setup menu at the top of the screen
- Select the Security tab
- Reset the Transactions can't be changed they must be reversed ... option (if necessary)
If the payment was applied to a bill, this process will open the bill (setting it to unpaid).
If a discount was applied to the bill for early payment, that discount may have to be reversed as well.