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Best Practices of Void Vs Delete?

edited May 6, 2013 12:27PM in Accounting / ERP 2 comments

I get that Void does not exist when REversing Journals are used (which happens to be what we are using).

Could someone clarify the following?:

Delete = No impact on Bookings, No impact on Inventory, BUT no record of transaction happening exists anymore

Close = Impact on Bookings, No impact on Inventory, BUT there is a record of transaction happening in the past. 

I want to know if others feel that it is best practice to Close rather than to Delete Cancellations.  The problem is that I don't want them to impact my bookings (although it seems easy enough to filter out any orders that were considered closed on my Financial reports)

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