Vendor purchase quotes can only be deleted if no items have been received from the request for quote. If any items have been received, the corresponding purchase/receipt must be removed before the request for quote can be deleted. In this case, the request for quote should be closed. See Closing a request for quote. Closing a request for quote will remove all remaining 'quantity on order' quantities from inventory.
When a request for quote is deleted, the journal entry is removed from the database and the quantity on order values are readjusted. This action will not affect the income statement or balance sheet since a request for quote represents an allocation of inventory and not an actual purchase (monetary transaction).
Entering a new vendor
Updating vendor information
Setting vendor payment terms and credit limits
Generating a request for quote (RFQ)
Editing a request for quote
Deleting a request for quote
Entering a purchase order
Editing a purchase order
Deleting a purchase order
Closing a purchase order
Checking purchase order status (Purchase Order Manager)
Receiving inventory from a purchase order
Receiving inventory directly from a vendor
Writing a check to a vendor
Issuing a vendor credit memo
Checking vendor balances