{{Unreferenced, date=January 2021
In the context of point-of-sale and accounting systems, the term post void is a
transaction
Transaction or transactional may refer to:
Commerce
* Financial transaction, an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment
*Debits and credits in a Double-entry bookkeeping sys ...
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
Retail loss prevention (also known as Retail asset protection) is a set of practices employed by retail companies to preserve profit. Profit preservation is any business activity specifically designed to reduce preventable losses. A preventable ...
departments therefore routinely scrutinize these transactions very closely for this reason.