10.2.3.1. How to cancel vendor bill before making payment

Step 1: You can easily cancel a vendor bill, by the way, go to Accounting-> Vendors-> Bills and select vendor bill which has an open status

Step 2: Click on Cancel button on the toolbar

At this time, inventory quantity will be removed from the warehouse, journal entries will be removed from accounting journal

If you still want to use this vendor bill or change something, you can click on Set to draft and Validate. The journal entries and inventory valuation will be posted again