Voided payment

In accounting, voided payment means a payment that was recorded but never cleared — a check lost or never delivered, a rejected ACHCashACHThe Automated Clearing House network — the US batch system for electronic credits and debits under Nacha rules; same-day to two-day settlement, with limited return rights — cancelled by reversing the payment entry and reinstating the billPayablesBillA claim against us as open. In a closed periodCore ledgerPeriodA fiscal reporting window the reversalCore ledgerReversalAn offsetting entry that undoes a posted entry is dated in the open one.