How and Why to Delete a Transaction in QB
Delete transactions in QuickBooks when you make a simple mistake.
By ‘mistake,’ I mean a data entry mistake. To borrow the example from the void a transaction page, let’s say you entered a vendor check for the wrong amount in QuickBooks, but had not printed it yet.
In this case you would delete it and re-enter it. Voiding it isn’t necessary since the transaction didn’t happen. In other words, the check was never printed, mailed, or authorized electronically.
Key to Deleting: delete transactions in open accounting periods for mistakes when the transaction did not actually happen.