Cancel Mixed Payment

Explanation

The Cancel Mixed Payment activity is used to cancel an approved Mixed Payment. It is not possible to use the Rollback function for payments created from a Mixed Payment. You have to Cancel the whole Mixed Payment, which will rollback all the payment transactions included. You can then use the Copy Cancelled Payment activity to copy a cancelled mixed payment in order to enter another one.

Prerequisites

This activity requires that information has been entered in the General and Transaction tabs in Mixed Payment activity. The mixed payment must be in the Approved status.

System Effects

As a result of this entry, the Mixed Payment will be cancelled in the system. All the included payment transactions are reversed and a voucher with postings adhering to the original voucher is created in the hold table in IFS/Accounting Rules. If several companies are involved, a separate voucher is created for each company. The multi-company payment is created, if the mixed payment to be cancelled includes customer or supplier payments which have been matched with ledger items in other companies or it includes direct cash payments with manual postings in other companies.