In NetSuite, the Accounting Preference “Void Transactions Using Reversing” allows the Void button to reverse journal entries in the following records:
- Check
- Bill Payment
- Payroll Liability Payment
- Customer Refund
- Tax Payment
- Tax Liability Check
When this feature is enabled, the Void button will be removed from these records:
- Sales Order
- Estimate
- Cash Sale
- Invoice
- Return Authorization
- Cash Refund
- Credit Memo
If this feature is not enabled, using the Void button will eliminate the GL impact in the records listed above.