PSA Payroll - Payroll Process: How voiding a payroll check/ACH effects Payroll and Ledgers & Payables

How voiding a payroll check/ACH effects Payroll and Ledgers & Payables

When you void a paycheck or payroll ACH, the system removes the transaction amounts from the employee record as if the check had never been written. (If you void a check in a prior quarter, you will need to determine whether you need to amend previous quarter Form 941's (you may want to seek professional advice).

In the general ledger, the software will create a journal entry that voids (or reverses) the payroll check or ACH transaction.

 

 

 

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