FCH8-Cancel a check payment

 

Business process-FCH8 and FCH9 are often confused with each other

FCH8( this guide) is about voiding the check AND canceling the payment.

This is used, e.g. if, you paid the wrong vendor. In this case, we would need to void the check as well as reverse the payment.

FCH9 is used when we just need to void the check. E.g., if we wrote a check, but lost the check and we need to reissue a check, but the payment info is correct.

Menu Path– Accounting-Financial Accounting-Accounts Payable- Environment- Check Information-Void-FCH8-Cancel Payments

 

Or enter the tcode FCH8

Or enter the tcode FCH8

 

Enter the information of the check you are cancelling. 1- Paying company code- This is the company code that issued the payment. This might be different from the copmany code on which the invoice was created.  2-House Bank- Enter the House bank from where the check was issued. 3-Account ID- Enter the Account ID. If we you are not sure of this info. Enter the check details  4-Check number- Enter the check number that has to be reversed. Make sure to enter leading zeroes if required. 5-Void Reason Code- The reason why we are voiding this check 6- Reversal Reason- The reason why we are reversing the payment document 7-Posting Date-The posting date for the reversal document.

Enter the information of the check you are canceling.

1- Paying company code– This is the company code that issued the payment. This might be different from the company code on which the invoice was created.

2-House Bank– Enter the House bank from where the check was issued.

3-Account ID– Enter the Account ID. If we you are not sure of this info. Enter the check details

4-Check number– Enter the check number that has to be reversed. Make sure to enter leading zeroes if required.

5-Void Reason Code– The reason why we are voiding this check

6- Reversal Reason– The reason why we are reversing the payment document

7-Posting Date-The posting date for the reversal document.

 

You can do a drop down to get the void reason codes for voiding the check and the reversal reasons for reversing the payment document

Note- You can read here on how to set up the configuration prerequisites 

You can do a drop down to get the void reason codes for voiding the check and the reversal reasons for reversing the payment document

 

 

 

 

Once all information is entered, click on Cancel check payment located at the top of the screen.

Once all information is entered, click on Cancel check payment located at the top of the screen.

 

You will get a message to see if it can be reversed

You will get a message to see if it can be reversed.

 

and another message stating that the clearred items being reset

and another message stating that the cleared items being reset

 

Once the check is voided and the payment document is revesed, you will get a message at the bottom of the screen.

Once the check is voided, and the payment document is reversed, you will get a message at the bottom of the screen.

 

Enter Fb03 to view the document being revesed

Enter Fb03 to view the document being reversed

 

Enter the  1- document number - The document number that reversed the payment document. 2- Company code- The company code to which this document number belonged 3- Fiscal year - The fiscal year to which this document belonged

Enter the

1- document number The document number that reversed the payment document.

2- Company code– The company code to which this document number belonged

3- Fiscal year – The fiscal year to which this document belonged

 

Hit Enter and you can view the document details. You will notice that there is a field that says reversed by which shows that the payment document was reversed.

Hit Enter, and you can view the document details.

You will notice that there is a field that says reversed by which shows that the payment document was reversed.

 

This links the reversal document with the original payment document

This links the reversal document with the original payment document

 

If you click on this document, it will show you the document which reversed this.

If you click on this document, it will show you the document which reversed this.

 

>