How to Undo a Paid Invoice in QuickBooks Desktop?

QuickBooks provides the direct method to undo a paid invoice when you need to reverse the figures in the invoice.

Record keeping in independent companies is liquid. Things happen each day that can change a couple of minutes after the fact, from requests to invoices. Charge card installments may not be experienced, client checks skipped and even the shipments you get from your sellers may not work out the way you had arranged. QuickBooks enables you to void or erase exchanges to enable you to keep your books free of unforced errors.

Regardless of whether two clients made invoices on a lonely client account, you coincidentally added a receipt to the wrong record or another slip-up prompted a receipt being mistakenly joined to a customer's month-to-month charge, the sooner you rectify it, the less the issues you will have not far off.

QuickBooks gives a direct approach to voiding any unneeded invoices. The advantage of voiding over erasing a receipt is that the voided receipt stays on the record, should you require a past filled with the exchange sooner or later.

How to Undo a Paid Invoice in Quickbooks Desktop

• Select Client Center:  Go to the "Clients" menu and select "Client Center."
• Find & Open Receipt:  Select the client in the "Clients and Jobs" list. Click"Show" in the exchanges sheet and tap on "Receipt" in the drop-down menu. Double-tap the receipt to open it.
• Head to Exchanges: Go to the "Exchanges" tab, likely, you don't have the foggiest idea about the client's name. Select "Invoices" in the Transaction Types list and find the receipt you need to void. Double-tap the receipt to open it.
• Final Step:  Go to the "Alter" menu and select "Void Invoice." Click "Spare" to zero out the whole receipt and add a Void stamp to it.

How to Undo a Transaction in Quickbooks Desktop

• Explore the transaction you need to void or erase. You can look over the kind of transaction utilizing the "Past" and "Next" options or you can double tap on the transaction in a monetary report or on a client or seller detail answer to get to it.
• Tap the "Alter" menu and select "Void." The "Void" choice might be trailed by the sort of transaction you are voiding. This zeroed the majority of the sums and amounts in the transaction yet keeps the ID number so you can transform it again later on if you need to or hold a record that the exchange happened. Voiding exchanges is a decent alternative for client installments returned for non-adequate assets since it demonstrates the comparing invoices as yet owing. For a similar reason, it is a decent alternative for installments to merchants that skip. You can tap the "Erase" choice in the "Alter" menu rather, it is likely that you need to expel the transaction from your records.
• Press the "Save" button. You need to fix the progressions you made to the exchange before you spare it, press "Return".

QuickBooks offers its customers highlights which makes several tasks automated. It helps the users to rectify their mistakes and further use the features to run the business efficiently.

However, QuickBooks is prone to errors and rectifications and many features are not known to all consumers. You can contact our QuickBooks Professionals on smbaccountants.com to understand every bit of the software to make more efficient and effective use of the product. We are available 24*7 to handle your queries.

Frequently Asked Questions

How can I undo an invoice for a stamped payment in Quickbooks Desktop?

• Locate Sales and then choose All Sales.
• Choose the type of transactions for Money received.
• Hit on the Apply button.
• Choose the payment you need to undo.
• Click Cancel the payment supplement.

How can I reverse payment on an invoice in QuickBooks Online?

• Discover the invoice transaction.
• Hit on the payment link located under the PAID status.
• Choose the Payment date link.
• Select More at the bottom.
• Hit on the Delete option.
• Now click on the Yes button appearing in the Pop-up window.

How can I delete customer payments in Quickbooks Desktop?

• Discover customer list.
• Choose the name of the customer.
• Locate the right corner of the screen below Transactions.
• Search for the invoice payment.
• Double-click on it.
• Locate the Customer payment screen and hit on Delete button.
• Choose OK to confirm.