Steps to Cancel Outstanding/Rejected RequisitionsThe Cancel Outstanding/Rejected Requisitions option in Accounts Payable cancels the remaining balances for all the line items for outstanding requisitions (those that have been approved but are not yet converted to purchase orders) and rejected requisitions (those that were rejected but not yet cancelled or deleted) within a specific date range. The Cancel Outstanding/Rejected Requisitions option can be completed at any time, but is typically used only at the end of the fiscal year to cancel all outstanding and rejected requisitions from that fiscal year.