i have old POs that i need to clear. How do i close them?

It is indeed important that properly recording and managing transactions like open Purchase Orders (POs) represent commitments and leaving them unresolved can cause discrepancies in reporting and auditing issues, KFrank.

POs are non-posting entries, meaning they do not directly impact your financial accounts such as your Income Statement, Balance Sheet, or other financial reports until they are converted into a transaction.

If this is no longer needed and you want to clear it out, you can either close or delete the PO right away. To close, follow the steps below:
 

1. Locate the PO and open it.
2. Under the Vendor name, change the Purchase Order status to Closed.
   
3. Click Approve.

On the other hand, if you want to delete the PO, see the outlined numbers below:

1. Navigate to the Expenses & Pay Bills tab in the upper-part.
2. Click on Vendors and locate the specific vendor associated with the PO.
3. Go to the Transaction List section under the vendor's details.
4. Find the PO you want to delete in the list.
5. In the Action column, click the drop-down arrow next to the PO.
6. Select Delete from the options.
   
    

Let me know if you have any other concerns or additional questions about purchase orders. I'm always around to assist you further.