Void EFT Pay

 

You may void a calculated and posted EFT payroll from all employees’ records.

NOTE:
The entire EFT batch for a selected pay date can be voided; it is not possible to void a single EFT pay from a batch of several EFT pays from a selected pay date. Also: This feature does NOT create an EFT file containing reversals to send to a bank to reverse EFT transactions. Payroll does not know if the original EFT file has already been submitted to the bank and does not communicate with the user’s bank in anyway. Voiding the EFTs in Payroll will NOT reverse or void the EFT transactions generated by the bank.

To void an EFT pay:

 

• Click Payroll, select Void EFT Pay.
  
  
• In the Pay Date field, click on the down arrow. Select the date of the payroll to be voided.
  
  
• Click on a row and all will be highlighted to be voided.
  
  
• Click on the Void button.
  
  
• If the pay was posted to Accounting, you also have the option to reverse the accounting entry by clicking Yes when the message box appears, provided the link is still established.