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Hi lawson1,
Welcome to QuickBooks Community!
Firstly, there are two ways to undo a payment received.
Did you manually receive the payment using the Receive Payment option from the Plus Icon on the top-right? If so, you will have to delete the payment. Here is how you do that:
If you added/matched the payment through the Bank Feed, you will have to Undo the payment. Here is how you do that:
Let me know if this was helpful.
Bonny