Changing, deleting and reversing purchases

In MYOB AccountEdge, purchases can be easily changed, deleted or reversed. Quotes and orders can be changed or deleted at any time. The grouping of line items on a purchase can be changed by inserting a line, deleting a line, inserting a header line or inserting a subtotal line. The ability to change, delete or reverse a bill depends on the way you set up AccountEdge. An important point to consider is if your purchase is changeable or unchangeable. If your purchase is changeable, you can make changes to a purchase or delete the purchase altogether from your ledger.

Unchangeable transactions work differently. By reversing an unchangeable purchase, the effects of your original purchase will no longer be part of your ledger; however, a record of the reversed purchase, called a reversing transaction, will remain. Then, if you want, you can enter a new, correct transaction to replace the transaction you reversed. See What are changeable and unchangeable transactions? for more information.

When you delete a recurring template, the template is deleted from your list of recurring templates only. Any transactions you recorded using a recurring template you delete won't be affected.

Changing the status of a purchase

The status of a purchase can be changed. If you enter a quote or an order into AccountEdge, you can easily convert it to a bill once you're ready to pay your vendor. A quote can be changed into an order or bill. An order can only be changed to a bill.