If you print and approve a payroll check in error, you must reverse the check in Bank Services using Reverse Transactions.
When you post the reversal, Bank Services sends information about the reversed check to Payroll so that Payroll can reverse the check, delete the associated employment insurance history record, and adjust employee payroll totals.adjust employee payroll totals, and update the 941 tax liability.
The dates that are used as the pay period end date and transaction date for the reversed check depend on the selection for the Use Original Dates When Reversing Checks option on the Payroll Options window .
The system assigns CP-RC UP-RC as the source code for reversed check transactions.