Canceling EFT Payment

We submitted an EFT payment that has not been approved yet by the Stake President. There was a change of plans about reimbursing for the expense. Is it possible to cancel or disapprove the payment? The recipient received an email from the Church that a payment has been initiated and if they didn't get it within 4 business days they should contact the Stake President. We are figuring if we can just cancel the payment perhaps it will just stop payment. However, we don't see a way the Stake President can just disapprove the payment in LCR.

As long as the expense has been submitted and approved by one other person the EFT will start processing. It doesn't wait until the Stake President does his review (he's supposed to have already given verbal approval so the review is just a record of that approval). Since the recipient already received notice I assume that's already happened. There isn't any way of cancelling the payment in LCR after it's approved. You could try calling support on Monday and see if they can cancel it but I haven't heard anything about that being possible.

If you need the money back at this point you'll need to ask the recipient to write a check and submit it with a donation slip with 'Budget Refund' written in the Other section and deposit it back into the category it came out of.