I disagree.

The "Received Status" column I am referencing does not appear on the screen when looking at the "Custom Purchase Order" template. Furthermore, it does not "go away when you save or print the transaction".

The "Received Status" only appears on user created templates. It does not appear on the "Custom Purchase Order" template and in fact, if you wanted it to appear when viewing the "Custom Purchase Order" template, there is no way to get it to show up in the screen window since there is no ability to select or deselect the "Received Status" field from the screen view.

Here's another "Bug" I found. If you click on the right arrow above FIND and forward through your purchase orders to the end of the file and create a blank PO, the "Received Status" column will disappear and then you can click back using the left arrow to your purchase order and the "Received Status" Column will be gone. 

EDIT 3/17/2021 FOUND A SOLUTION:

In order to get the "Received Status" column to go away you need to change the template and save the purchase order, then change the template back to the original template you were using and then save the purchase order again, then close the purchase order and then reopen the purchase order. The "Received Status" should then be removed from the screen view.

Now since you've changed templates you are probably experiencing the loss of two inches of field view from the right side of your screen due to the omnipresent Quickbooks template bug, so now you will need to go to Lists/Templates and then deactivate the template by clicking on the X column and then reactive the template by clicking on the X column again. Now when you go back to view your purchase order you should be able to see the whole field of view in your window and the "Received Status" column should be gone.

As long as you don't change to a different template the "Received Status" column should not reappear.

This is a painful process because unless you have another window open or a report open that allows you to reselect the purchase order that you just had open, you will have to open another window or a report and do a search to find it and then reselect it. Also, if you open another purchase order with a different template the column reappears and you have to go through the whole save, exit and reopen in order to get the "Received Status" column to go away. If you work with more than one template as I do, this is a ludicrous, time wasting, bug.