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About deposits and interest

About subsidiary accounts

Voiding deposits

Important! Best practices in accounting require that you do not void transactions that have been processed by the bank. Therefore, it is not possible to void transactions with a status of 2-Cleared.

To void a deposit:

  1. Open 1-3 Journal Transactions.
  2. Using the data control, select the record of the deposit (Trans#) you want to void.
  3. Verify that the Status is 1-Open.
  4. If necessary, in the Status drop-down list, change the status to 1-Open.
  5. On the Edit menu, click Void Transaction.

Tip: After voiding all payments made to an invoice, you can void the invoice itself.