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In this tutorial, the presenter explains how to delete a transaction in QuickBooks. He first closes his current company file and opens a sample file to avoid impacting his actual data. When prompted with the update company dialog box, he clarifies that this occurs because the sample file is older than the 2019 version of QuickBooks and must be updated to open it. He also adjusts the view by hiding the icon bar. After entering a random bill for advertising, he outlines the similar three-step process for deleting a transaction: first, locate the transaction. The tutorial aims to guide users through transaction management in QuickBooks effectively.