After you record a transaction in MYOB AccountEdge, you may want to change the information you've entered or you may want to completely remove the transaction from your accounting records.
If your accountant requires that you maintain an audit trail of all your accounting entries, you should reverse a transaction rather than changing or deleting it.
If, on the other hand, your account has advised you to make necessary changes, you can change and delete transactions. In order to change and delete transactions, your transactions must be changeable. That is, the security preference "Transactions CAN'T be Changed; They Must be Reversed" should be unmarked. (Choosing changeable or unchangeable transactions)
When you delete a transaction, it is permanently removed from your company file.
Some transactions must meet certain criteria before they can be deleted. (Criteria for deleting transactions)
Note: Credit card payment transactions that have been authorized using the MYOB Merchant Account Service can only be reversed or voided. (Voiding credit card payments)
Note: Managing inventory transactions recorded in MYOB software previous to v3
Note: Deleting versus voiding
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