HOW TO Reverse ELECTRONIC Posted Payments | Mastering Dynamics D365 Finance
Reverse a vendor payment. Occasionally, after a vendor payment has been posted, the payment must be reversed. Reversal differs from deleting, voiding, or rejecting a payment. You can delete a payment only if its status is Created. This status indicates that the payment has been created but hasn't yet been generated. This limitation always applies, regardless of the method of payment.
You can void unposted checks after they have been generated but before they have been posted. If the generated payment is done as an electronic fund transfer (EFT), you can reject the payment before it's posted. To reject a payment, change the Payment status value. A payment that has been voided or rejected can be regenerated after the Payment status value is changed back to None.
After a payment is posted, reversals are used. Payments that are made electronically can't be reversed after they have been posted. Instead, a new transaction must be created for the amount of the payment to get the liability back on the vendor's account. There are two methods for reversing posted checks. In one method, reversals are posted immediately when you click Payment reversal on the Check page. In the other method, when you click Payment reversal on the Check page, the reversal is sent to the check reversal journal in Cash and bank management, where a reviewer can then post or reject the reversal.
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