Haven't retracted an A/P payment yet. But have done so with a P/R check.
If I am processing an A/P batch with a settlement date which is a mere day
later, I'm going to probably be out of luck. However, if the settlement
date is three days out, I might be able to call my Bank's processing center
and stop the payment. In fact, there is a stop payment section on the
Bank's Web product. The electronic payments are assigned check numbers (I
use a separate series sequence so as to differentiate them for regular paper
checks). Therefore, they get cleared on my Bank Reconciliation and could
probably also be voided. But again, I haven't tried to do so.
Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0
-----Original Message-----
From: Linda Furio [mailto:lindafurio@...]
Sent: Thursday, April 25, 2002 3:09 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] A/P Electronic Payments
Deb, Thanks so much for your input on electronic payments. One more
question if you don't mind. What recourse do you have if you discover
shortly after submitting the payment batch that one went out in error?
Also, can that pymt be voided in Vantage like a check?
Thank you,
Linda Furio
[Non-text portions of this message have been removed]
If I am processing an A/P batch with a settlement date which is a mere day
later, I'm going to probably be out of luck. However, if the settlement
date is three days out, I might be able to call my Bank's processing center
and stop the payment. In fact, there is a stop payment section on the
Bank's Web product. The electronic payments are assigned check numbers (I
use a separate series sequence so as to differentiate them for regular paper
checks). Therefore, they get cleared on my Bank Reconciliation and could
probably also be voided. But again, I haven't tried to do so.
Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0
-----Original Message-----
From: Linda Furio [mailto:lindafurio@...]
Sent: Thursday, April 25, 2002 3:09 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] A/P Electronic Payments
Deb, Thanks so much for your input on electronic payments. One more
question if you don't mind. What recourse do you have if you discover
shortly after submitting the payment batch that one went out in error?
Also, can that pymt be voided in Vantage like a check?
Thank you,
Linda Furio
[Non-text portions of this message have been removed]