What is the difference between delete and void invoice in QuickBooks?

Voiding changes the amount of the transaction to zero but keeps a record of the transaction in QuickBooks. Deleting removes the transaction entirely in QuickBooks. It also causes the bill(s) paid to return to unpaid status.

What happens if you void an invoice in QuickBooks?

Voiding an invoice will keep the invoice number and list it in reports but changes the amounts to zero. Hence, if you want to stop a particular payment from being realized by QuickBooks, select void. This will stop the payment process as well as remove the receipt from your records.

Can you undo a voided invoice in QuickBooks?

There’s no option to reverse the action once a transaction is voided or deleted in QuickBooks Online. All the information needed for the transaction can be found under the Event column. Using the information from the Audit log, you can re-enter the transaction with its original transaction date.

Is it better to void or delete a check in QuickBooks?

For good bookkeeping, it’s better to void a transaction, when you can, rather than delete it so you keep a record of the transaction. You can delete all transaction types in QuickBooks, but you can only void certain transaction types.

What does void an invoice mean?

Void – If there was an error in a customer invoice and if you do not want to delete it, you can simply void it. Voided invoice will not be removed from the organization, hence it will not affect the invoice numbering sequence. Bad debts usually means any specific invoice that becomes uncollectible.

What does void invoice mean?

Can voiding a check in QuickBooks be undone?

Can voiding a check in QuickBooks be undone? ✔ Voided checks can be easily reverted or undone to the original transaction. Once you delete a check then all the information related to checks will be deleted from the register as well.

How do I delete a deleted void transaction in QuickBooks?

Go to the Accountant menu and select Batch Delete/Void Transactions. Select the transactions you want to delete or void from the Available Transactions list. Select Review & Delete (or Review & Void). Select Back Up & Delete or Back Up & Void.

When should you void a check in QuickBooks?

A common reason for voiding checks is to eliminate older, stale-dated, outstanding checks. There are two ways that these checks can be voided when using QuickBooks. However, depending upon which method you use, you may unintentionally alter your financial reports.

Should I delete or void an invoice?

Open invoices should be directly deleted unless they are needed for a later date. By deleting the invoice, users will be permanently removing it from their company file. On the other hand, voiding an invoice cancels a particular payment or invoice.

When should you void an invoice?

Void – If there was an error in a customer invoice and if you do not want to delete it, you can simply void it. Voided invoice will not be removed from the organization, hence it will not affect the invoice numbering sequence. Also, the customer cannot make payment for a voided invoice.

What is the difference between void and cancel?

As verbs the difference between cancel and void is that cancel is to cross out something with lines etc while void is (obsolete) to withdraw, depart.