Voiding loan draw applications

You can void an application assigned status 4-Closed. If the application precedes a series of applications, Sage 100 Contractor reopens the application, assigning it status 2-Submitted, and voids the subsequent applications.

Suppose you have just created application 3. However, application 3 contains an error caused in application 2. To remove the error, you must correct application 2 and recreate application 3. When you void application 2, Sage 100 Contractor changes its status from 4-Closed to 2-Submitted and changes the status of application 3 to 5-Void. You can then make the necessary adjustment to application 2, and from it create application 3.

To void a loan draw application:

1. Open 3-8 Loan Draw Requests.
2. Using the data control, select the record.
3. On the Edit menu, click Void Application.