Stop Payments

[kilpatrick]

Hi!

I have had to issue a stop payment on a check because the person never received it. Do I need to do a Fund Transaction for this? I cannot find any information on this in the manual.

Tina
Kilpatrick Church

[NeilZ]

Hi!

I have had to issue a stop payment on a check because the person never received it. Do I need to do a Fund Transaction for this? I cannot find any information on this in the manual.

Tina
Kilpatrick Church

Its essentially a VOID, and you would do that from the Accounts Payable module. When you post from AP, and then Post in Funds Accounting, the system will VOID the check, and make the adjustments.

However, it is STRONGLY suggested you do this starting from the AP module. In this way, you can have a full audit trail (along with accompanying notes) on why this had to be done.

[kilpatrick]

Thank you!

Tina
Kilpatrick Church

[NeilZ]

Thank you!

Tina
Kilpatrick Church

One more thing, you'll probably have to add a transaction (I'd do it in Funds Accounting) to cover any charge that the bank may have for a stop payment. You could just do that before your regular reconciliation if you need to add service charges at that time.