5 Easy and Quick Steps to Delete Transactions of QuickBooks
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Post by : Admin Category: QuickBooks 11 Oct, 2021 Estimated read time: 08 Min
Delete Transactions of QuickBooks – Being a Business Owner, an individual has to deal with a number of situations. Some of them are easy on them, and some of them are extra chaotic for them. To reduce their chaos in this accounting world, Quickbooks was introduced to them. QuickBooks is widely recognized as one of the best and most compatible business accounting software that small and big businesses are using around the globe to easily manage the income and expenses of their business. Not only this, but it also helps them to keep a sharp track of their business’s financial health as well. This reliable accounting software is available at a very affordable price that can perfectly fit within every small business’s budget.
Having Quickbooks as your business accounting software, you are never going to regret your decision as it gonna a lot of mental relaxation to you. This software is loaded with advanced accounting features to lessen your pain of finances. It will allow you to create and track invoices, print financial statement of your business, create a detailed profit and loss report, balance sheet report, statement of cash flows, track inventory, bills and expenses of your business, and many such features are there that you can explore on your own while using this feature-loaded accounting software for your business.
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Choose Voiding Transaction Over Deleting
While using this, you can face such situations where you may urgently need to delete the old transactions of your QuickBooks. Now, you must be wondering that why I may need to do this, right? Then, we will also give examples of such situations to you so that you can easily keep all your doubts and questions at rest. In any case, we always recommend the users void the transactions instead of deleting them. But there are certain scenarios where you don’t have any other option than deleting the transaction. Voiding transactions is a safe choice as the data will not disappear completely from the account book.
Situations Where Delete Transaction is the Only Option
In QuickBooks, transactions like supplier credits, purchase orders, delayed charges, estimates, deposits, delayed credits and bills come with the DELETE option only. You can’t void such transactions even if you wish to. If you or your accountant had made an error in the account book and you need to make corrections, you will have to permanently delete these transactions from your QuickBooks.
Note*: Before deleting the transactions cross check again and again to ensure that there are no such transactions in the list that you may need in the future. If there is any, then remove it from the list of Delete. Otherwise, it will cause a big problem for you in the near future.
Now, let’s start following the 5 Quick and easy steps to delete the transactions of your QuickBooks. So, let’s get started!
Step 1: Go to Quickbooks
Open the Quickbooks Accounting Software on your device and navigate to the sales section. Click on the Expense option to spot the former on your screen.
Step 2: Navigate to the Transaction You Need to Delete
Find that very specific transaction that you want to delete from your Quickbooks. If you are unable to find it in this way, then go to the search bar and type the name of that transaction to find that easily with just one click of the button.
Step 3: Cross-Check the Transaction
Go through the transaction, again and again, to make sure that there is no crucial transaction for which you need to keep the record. If there is any and you delete it by mistake, then it can create a big problem for you.
Step 4: Add the Date of Deletion
After checking the transaction, again and again, proceed further in the process by adding the date of deletion. You can easily do so with the help of a memo or message section in QuickBooks.
Step 5: Wrap up with Delete
Now, it’s time to implement the final plan of deleting the transaction! Click on the more option available in the footer section and then click on the delete option appearing on your screen. After this, a confirmation pop up will appear in front of you and you need to Yes if you are very sure with your decision of deleting the transaction.
We positively hope that the above mentioned steps helped you to successfully delete the transaction of your QuickBooks without facing any trouble. If you are not satisfied with the result or facing any error or issue, then we will recommend you to get connected with the Quickbooks Expert. Dial their toll free number xxxxxxxxx and get connected with them in minutes!
FAQ (Frequently Asked Questions)
How to Delete all transactions in Quickbooks?
While following the delete process, choose the file or list of transactions that you wish to delete and then apply the filter on the file and click the delete option. All done!
Should I Delete or Void Transactions?
If you have the option to void the transaction, then we always recommend our users to go with the void option instead of Delete. Voiding transactions will not cause the permanent loss of transaction data from your account books, but yes, Delete can do so. So, go with the Void option if you have the chance!
Can I permanently delete any transaction from Quickbooks?
Yes, You Can!
Can I recover my deleted data from Quickbooks?
Yes, you can give it a try with your Audit Log. But, you can’t recover the deleted transaction from your QuickBooks.
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