Re: How do I cancel a direct deposit for a Vendor in QB Online that has not cleared ACH yet?
Thanks for coming back to the Community, kwilker.
There is another option to void a direct deposit payment.
You can go to the Expenses menu to perform this action. I'll show you how:
Choose the Expenses tab on the left pane and select Vendors at the top.
Click the contractor's name to open their profile.
From the Transaction List, locate the direct deposit payment.
Under the Action column, click the arrow beside View/Edit and choose Void.
Hit Yes to confirm.
As long as the payment status is still pending, you should be able to void it. However, if the Transaction No field displays DD on the expense record, it means that it was already processed through direct deposit.
If this is the case, you'll have to create a journal entry to void this transaction. Then, make an internal agreement with the contractor regarding the payment.