Hi, bookieJ.
Thank you for posting here in the Community. I'm here to share some information about voiding old purchase orders (PO) after tax return.
You can easily delete the PO by following the steps by RCV, However, deleting that item may cause imbalance previous year's data. But you can create a Journal Entry to correct the data. Here's how:
- Click the Gear icon at the right top.
- Choose Chart of Accounts under Your Company.
- Locate the account where you want to post the JE.
- Tap View register under Action.
- Hit the add transaction ▼ drop-down, then choose Journal Entry.
I also suggest consulting an accountant, to ensure your previous books are correct.
In addition, you can check this article to learn more about how to adjust account balances and to review the Adjusted Trial Balance report: Make adjusting journal entries in QuickBooks Online Accountant
Feel welcome to get back on this thread if you'll need assistance in dealing with purchase orders. We're always here to help you.
