---
title: "Voided payment"
description: "Voided payment — A payment that was recorded but never cleared — a check lost or never delivered, a rejected ACH — cancelled by reversing the payment entry and reinstating the bill as open. In a closed period the reversal is dated in the open one."
canonical: "https://lopifi.com/glossary/voided-payment"
---

# Voided payment

> Voided payment — A payment that was recorded but never cleared — a check lost or never delivered, a rejected ACH — cancelled by reversing the payment entry and reinstating the bill as open. In a closed period the reversal is dated in the open one.

Source: https://lopifi.com/glossary/voided-payment
Part of: Lopifi — Planned: US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is voided payment?** In accounting, voided payment means a payment that was recorded but never cleared — a check lost or never delivered, a rejected ACH — cancelled by reversing the payment entry and reinstating the bill as open. In a closed period the reversal is dated in the open one.

## Words this system refuses for it

- stop payment (the bank instruction)
- delete

- **Category:** Payables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/lexicon)
- **Related:** reversal, period, bill