FCH8 Reverse Check Payment

 

Functionality
The system allows you to cancel a check and reverse a payment in a one transaction run. The check in question will be marked as void in the system, the payment document reversed and the invoices reopened for payment again.

Scenario

You have forgotten to block a check payment when processing the payment proposal, or if the wrong invoice was selected for the online check print.

Requirements
A posted check and a payment.

Menu Path	Accounting ® Financial Accounting ® Accounts Payable ® Environment ® Check information ® Void ® FCH8 - Cancel payment
Transaction Code	FCH8

1.       Double click on FCH8 - Cancel payment.

Cancel Check Payment

2.       Update the following fields:

Field Name	Field Description	Values
Paying company code	The company code which processes the payment transactions	Example:  5200
House bank	Identification number for the house bank to which the transaction corresponds	Example:  CITI
Account ID	Bank account ID	Example:  OP001
Check number	The unique check number per company code, bank, and account number	Example:  1000018
Void reason code	Code identifying the reason for voiding a check number	Example:  07
Reversal reason	Reason for reversing a document.	Example:  03

3.       Click Enter Button  to confirm your entries.

4.       Click Cancel payment Button  to cancel the check payment.

5.       The message bar displays “Payment for check XXXXX was cancelled, reverse document XXXXXXX”.