To cancel a payment voucher select the checkbox next to the appropriate PV and click Cancel PV. PV can be cancelled by authorized users for a number of reasons. Cancellation of vouchers can be done, if the PV is approved, cheque is issued for the same, or even after the accounting posting is done. PV Cancellation is not allowed, if cheque is already cleared or the payment is successfully confirmed as in case of Auto Credit / Outsourced Cheques.
For cancellation of approved PV’s, where cheque is not issued / auto credit payment or outsourced cheque file is not downloaded to Bank, there would be no accounting entries. There would be no impact on accounting entries if the posting for the PV has not yet been triggered. If payment (through Cheque or Auto Credit or Outsourced Cheque) is issued and posted, the reversal PV document reverses the accounting entries passed for the PV and open back the payables.
The user can act on the PV, either by going into the details of the PV or directly from the list without seeing the details. The following page is displayed when user clicks the Cancel PV button.