Users may prefer voiding a purchase order rather than closing. To void, perform the following:
- Navigate to Setup > Accounting > Accounting Preferences.
- Under General tab and General Ledger portlet, unmark Void Transactions Using Reversing Journals. Doing so, Void button is displayed on edit mode.
Note: Voiding a purchase order sets the purchase order amount to zero and a memo stating that it is void. Further, Purchase order status is set to closed. Memo is updated to VOID automatically.