This activity is used to indicate whether customer repayment checks have been cancelled in the instance a check(s) has been returned or misplaced.
This activity requires that the Check Cashing without Interim Accounts option, in the Payment tab of the Company page, is not selected and that the status of the check is Printed.
When a check is cancelled, a voucher is generated and all postings that were created in connection with the check payment are reversed. At the same time, the status of the check is changed to Voided.