Purchases

To handle a stop payment (Bill Payments window)

The payment that was stopped should be displayed. (To find a bill payment)

  1. Reverse the payment. (To reverse a bill payment)


  2. If you need to record a service charge for the stopped payment, you can use the Bank Entry feature when you reconcile your bank account (To record bank service charges and interest earned), or you can create a Spend Money transaction for the amount of the charge.


    You may want to consult your accountant to determine the account you should use on the transaction to track the stopped payment charge.
  1. Enter a new payment.


    --OR--
    If you no longer expect to send a replacement payment for the stopped payment, you can create and then apply a debit to the vendor's open purchase to close the vendor's account. [To create a vendor debit and To apply a vendor debit (Pay Bills window)]

Related topics