QuickBooks is embedded with top-notch accounting features, allowing users to manage their finances and accounting tasks easily. The trusted accounting software keeps your company data safe and secure from any unauthorized access. Moreover, it also allows you to void or delete a check in QuickBooks. These two are the different ways you can easily reverse the payment transaction. However, the transaction will remain recorded when you void a check in QuickBooks and reduce the transaction value to zero. Whereas, while deleting a check, it eliminates all the transaction information. Furthermore, you can also unvoid a check in QuickBooks that you have voided by mistake. In this post, you will learn more about the difference between void or deleting a check.
Users with no technical background might face difficulty while unvoiding a check. So, here I suggest not to perform the steps until you are confident otherwise, it will create new challenges. Therefore, to get the proper instructions to unvoid a check in QuickBooks, you can consult our experts.
What’s the difference between Void or delete a check in QuickBooks?
While voiding a check in QuickBooks, the transaction amount will automatically be zero, but the transaction will remain recorded. Most people opt for voiding a check option in QuickBooks for specific reasons.
On the other hand, while you delete a check in QuickBooks, it will eliminate the transaction permanently from your books of accounts. The status of the paid will automatically return to unpaid, and you won’t be able to search for the entry related to the deleted check in your books of accounts.
Simple Steps to void a check in QuickBooks
Voiding reduces the total amount on the check to zero while keeping the transaction records in the books of accounts. You can unvoid a check in QuickBooks and then create a journal entry to offset the amount. The journal item should use the same accounts as the voided invoice and have the same date as the invoice. To balance the first journal entry, create a second journal entry with the current date and the same accounts. You can also void a check in QuickBooks by following the steps outlined below:
- First of all, in order to void a transaction, go to the transaction’s page.
- Afterwards, navigate to the Edit menu and choose your desired option.
- Next, pick the payment of a void bill from the available alternatives.
Simple Steps to delete a check in QuickBooks
When you delete a transaction, QuickBooks completely removes it from the system. In addition, previously paid bills will be reclassified as unpaid. Furthermore, deleting the bill results in the Transaction Journal Detail report displaying a bill payment without the corresponding bill. No bill is associated with the payment check when you look at its transaction history.
- To begin with, open the transaction that you want to delete.
- Afterwards, navigate to the Edit menu, and then opt for the Delete Bill Payment option from the drop-down menu list.
- Thereafter, select the Settings menu, then the Audit Log menu.
- Then, select the Filter option and pick the appropriate user, date, and event from the drop-down menu.
- Next, tap on the Apply option, then browse for the deleted transaction.
- If you want to look for the deleted transactions quickly, open the browser, press Ctrl + F, and then type “deleted.”
- Select the View option from the History column.
- Under the Event column, you can find all the necessary transaction information.
Ending Note!!
We hope that now you can easily choose between void or delete a check in QuickBooks. You can also unvoid a check in QuickBooks easily if you have voided a check by mistake. Therefore, to get the detailed instructions to unvoid a check, you can consult with our experts.
