Deleting and reversing in sequence -- one transaction at a time

To explain this idea, we've used a purchase as an example:

The final bill that you receive from your vendor and record in your company file, may have started out as a quote or order. You may have received inventoried items against the order; payments may have been made on the order or bill.

To delete or reverse a purchase, start with the last transaction and work backwards deleting or reversing transactions in the reverse order the transactions were recorded.

For example, if a payment has been applied to a bill, and you try to delete the bill, you'll receive an alert advising you that a payment has been made and advising you to delete the payment first.