If I void an invoice from last year, will the taxes be adjusted in current period?

Hi there,

QuickBooks allows you to manage your transactions with ease. I'll be happy to share more info about voiding an invoice using QB Online.

Voiding an invoice cancels a particular on the invoice. Voiding an invoice will keep the invoice number and list it in reports but changes the amounts to zero. Once you void the Invoice, assuming that you report in Accrual Basis, the income/taxes generated by the transaction will be removed on the date of the invoice (the previous year) and not the current date. I encourage you to learn more about your accounting method using this link here. 

If you decide to void an invoice, follow the steps below:

1. Select Sales.
2. Select Invoices.
3. Find the invoice(s) you wish to void.
4. From the Action column ▼ drop-down menu, select Void.

I hope this helps! In case you have other questions, feel free to contact our support team using this link here. Otherwise, feel free to leave a comment below. I'll be one message away. :)