Tick the "Account Cancel Feature" to cancel invoice & payment.

When you want to cancel the invoice & payment only then choose the "Cancel Only" option.

Create an invoice and confirm it.

Now the invoice is in 'Posted' stage.

Pay the invoice.

We cancel posted invoice.

When you cancel the invoice, the invoice is cancelled and the state is changed to "cancelled".

The payment is also cancelled, and its status is changed to 'Cancelled'.

When you want to cancel the invoice & payment and reset to the draft state tick "Cancel and Reset to Draft".

We cancel posted invoice.

When you cancel the invoice, the invoice is cancelled and the state is changed to "Draft".

The payment is cancelled and reset to the draft state.

We cancel paid payment.

After cancellation, the payment is reset to the draft state.

We cancel Credit Note.

The credit note is cancelled, and its status is changed to 'Draft'.

When you want to cancel & delete the invoice & payment then choose the "Cancel and Delete" option.

We cancel posted invoice.

After the "Cancel" the invoice will be deleted.

Also the payment will be deleted.

Now we cancel multiple invoices from the tree view.

All selected invoices are cancelled.

Now we "cancel & reset draft" multiple invoices from the tree view.

All selected invoices are cancelled and reset to the draft.

Now we "cancel & delete" multiple invoices from the tree view.

All invoices will be deleted after cancelled.

We can now cancel multiple payments at once from the tree view by clicking on "Cancel Payment".

All payments will be cancelled after cancel payment.

Now we "cancel & reset draft" multiple payments from the tree view.

All selected payments are cancelled.

Now we "cancel & delete" multiple payments from the tree view.

All payments will be deleted after cancelled.