In the context of point-of-sale and accounting systems, the term post void is a transaction which cancels, or deletes entirely, a previously completed transaction.
The distinction is that the transaction being voided is one that was already completed, versus one that is still in the process of being made.
The ability to post void a transaction is normally restricted to supervisory personnel. Although the capacity to perform such a transaction is not necessarily fraudulent, there are many scenarios of employee theft, embezzlement, and so-on which could be enabled in part by the intentional misuse of this capability. Auditors and loss prevention departments therefore routinely scrutinize these transactions very closely for this reason.
External linksEdit
United States Patent #5895453, "Method and system for the detection, management and prevention of losses in retail and other environments"
August 26, 2023
post, void, this, article, does, cite, sources, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, january, 2021, learn, when, remove, th. This article does not cite any sources Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Post void news newspapers books scholar JSTOR January 2021 Learn how and when to remove this template message In the context of point of sale and accounting systems the term post void is a transaction which cancels or deletes entirely a previously completed transaction The distinction is that the transaction being voided is one that was already completed versus one that is still in the process of being made The ability to post void a transaction is normally restricted to supervisory personnel Although the capacity to perform such a transaction is not necessarily fraudulent there are many scenarios of employee theft embezzlement and so on which could be enabled in part by the intentional misuse of this capability Auditors and loss prevention departments therefore routinely scrutinize these transactions very closely for this reason External links EditUnited States Patent 5895453 Method and system for the detection management and prevention of losses in retail and other environments Retrieved from https en wikipedia org w index php title Post void amp oldid 1002006968, wikipedia, wiki, book, books, library,
