Reversing a Payment (Cheque/Wire/EFT) in Sage 300 (Accpac)

Do you need to reverse a payment you have made in Sage 300 (Accpac)?  Whether it is a cheque (check), EFT, Wire, etc) it is the same steps to fix.

1. Log into Sage 300
2. Go to Common Services –> Bank Services –> Bank Transactions –> Reverse Transactions
3. You will then fill in the Bank of which the payment was paid out of
4. Set the Source Application to Accounts Payable
5. Add a reason for reversal (wrong amount)
6. Reversal date (recommend to match the “incorrect” payment date)
7. Fill in/Search Vendor
8. Fill in/Search the Cheque #/Payment #
9. The Payment Amount and Payment Date will automatically populate by the Cheque #/Payment #
10. Select Post
11. This will clear the payment transaction and allow you to go back into the accounts payable module and redo the payment