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Voiding a vendor direct deposit payment

You can void a vendor direct deposit payment, but the result depends on whether and when the payment was sent to Intuit for processing.

What other options do I have?

If you overpaid the vendor, you can create a credit against the next payment you need to make to this vendor.

If you underpaid the vendor, you can create a second direct deposit check to make up the difference.

If a direct deposit payment was returned or rejected, you should update your register to reflect the rejected direct deposit and write a print check for the vendor.

If you have already sent the payment to Intuit for processing, you can void the payment, but you must send the void transaction to Intuit for processing. Whether or not money is withdrawn from your bank account depends on when you send the void transaction.

  • If you send the void before 5:00 p.m. (Pacific time) at least two banking days before the check date for the direct deposit payment, we will stop the direct deposit transaction, and no money will be withdrawn from your bank account. (For example, if the payment date is Friday, you must send the void transaction before 5:00 p.m. Pacific time on Wednesday.)

  • If you send the void less than two banking days before the payment date, we cannot stop the direct deposit transaction, and the money will be withdrawn from your bank account. You can try to reverse the direct deposit; otherwise, you must recover the money from your vendor.

If you have not yet sent the payment to Intuit for processing, you can void the payment. Voiding an unsent vendor direct deposit payment removes it from the Items to Send list in the Send/Receive Data window. No money is withdrawn from your bank account.

KB ID# H_PAY_VOID_ALTERNATIVES_TO_DD4V_VOID
12/8/2016 3:56:03 AM
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