The Cancel Outstanding Purchase Orders option in Accounts Payable cancels the remaining balances for all the line items for outstanding purchase orders within a specific date range. The Cancel Outstanding Purchase Orders option can be completed at any time, but is typically used only at the end of the fiscal year to cancel all outstanding purchase orders from that fiscal year.
Steps to Cancel Outstanding Purchase Orders
Cancel Outstanding Purchase Orders Tutorial
Note: In order to view the tutorial, you must have an active Internet connection, along with a sound card and speakers installed on your computer.