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).
Enter a customer request for quote
Edit a customer request for quote
Closing a request for quote