Voiding Transactions

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Voiding Transactions

 

To Void a transaction, from the  Finance -> Merchant screen, select the  ( Void ) button.

 

The system will display a list of transactions.  Select the one you wish to cancel, and press the Accept button.  The transaction will be reversed.

 

PMLS 2026 allows you to void previously processed credit card transactions directly through the Merchant Services system.

To void a transaction:

•go to Finance → Merchant Services

•select the

👉 postvoid   Void button

The system will display a list of recent merchant transactions.


Selecting the Transaction

Highlight the transaction you wish to cancel and select:

•Accept

MLS 2026 will send the void request to the merchant processor.

If approved:

•the transaction will be reversed

•the payment will be removed from the workorder totals

•accounting records will update automatically


Important Difference Between a Void and a Credit

A:

•VOID

normally cancels a transaction before it fully settles through the merchant processor.

A:

•CREDIT

refunds money after settlement has already occurred.

Voids are generally:

•simpler

•faster

•less expensive

because the funds may never fully leave the customer’s account.


Time Limits on Voids

⚠️ Important:

Most merchant processors only allow voids within a limited time period.

This is commonly:

•the same business day

•before batch settlement

•before nightly processing closes

Once a transaction has settled:

•it usually can no longer be voided

•a credit/refund must be issued instead

The exact rules depend on:

•the merchant processor

•the card provider

•settlement timing


Automatic System Updates

When a void is successfully processed, MLS 2026 automatically updates:

•workorder balances

•merchant transaction records

•accounting activity

•payment totals

This helps maintain accurate financial reporting throughout the system.


Use Caution When Voiding Transactions

⚠️ Voiding transactions should be handled carefully.

Always verify:

•the correct transaction was selected

•the customer requested the cancellation

•the invoice status is accurate

Improper voids can create:

•customer confusion

•accounting discrepancies

•duplicate processing problems


Recommended Best Practices

Before issuing a void:

•Verify the original transaction carefully

•Confirm the invoice status

•Make sure the transaction has not already settled

•Document the reason for the void

•Limit void authority to trusted personnel


If a Void Is Rejected

A void request may fail because:

•the batch has already settled

•the transaction is too old

•the merchant processor rejected the request

If this happens:

👉 issue a standard credit/refund instead.


Best Practice Reminder

Voids are generally preferred over refunds when the transaction has not yet settled because:

•processing is cleaner

•accounting is simpler

•funds move faster

•merchant fees may be reduced


Recommended Companion Sections

This section works closely with:

•Merchant Services Overview

•Credit Card Processing Procedure

•Issuing Credits

•Signatures and Summaries

•Merchant Services Reports

•Merchant Services Troubleshooting

Together, these sections provide a complete merchant transaction management workflow within MLS 2026.lease note there is likely a time frame, provided by your processor, for how long ago the transaction may have occured to be eligible for voiding.