06- Payments

How to Adjust or Void cheque Tutorial on Sage 50

Hi Everyone

This tutorial is about adjusting or cancelling a payment made to a supplier. In some cases, I have made a payment and need to adjust that payment and reprint new cheque or I need to cancel or void the cheque all together.

For this tutorial, my home screen is set to Classic View. If you need to change. on the top right hand corner of sage 50 home screen you can change from Enhanced View to Classic View.

Sage 50 Simply Accounting Home Page1

 

 

Let us get started.

 

First, we need to find the payment. Go to your sage 50 home screen and click on Payments.

payments 2

 

In the payment journal top menu bar drop down payment menu and choose Look up Payment.

search 3

 

Now you are on Search screen. Fill in the selected fields with the information you have. The start and finish date should be within the time the original cheque was done. Choose the vendor name, if you have the previous cheque number you can fill in the Cheque Number field, if you have the Transaction Number or Amount you can also fill in those fields. Normally I just make sure my dates are correct and choose the vendor or supplier name and click ok.

Select a Payment 4

A Select a Payment screen pops up. I will choose payment (same as cheque number) 221 and hit Select.

 

Payment Lookup 5

 

This is your original payment. In this view, none of the fields is available for change. You need to click on Payment drop down menu and choose adjust Payment or click on the short cut pointy red pen.

Now the fields are available for you to make changes. I changed the cheque number and date.

Adjusting Payment 6

 

Adjusting Payment 7

 

NOTE: You can also cancel/void this payment using payment drop down menu and choosing Void Payment or by clicking on the shortcut red X. This will reverse the payment and put the invoice back on supplier account as unpaid.

 

This concludes our tutorial session. If you have any comments or questions feel free to drop me a note.

Thanks for coming to my web site.

 

 

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