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In this tutorial, the speaker demonstrates how to delete a transaction in QuickBooks. To avoid messing up their main file, they first close their company file and open a sample file. Upon opening the sample file, they are prompted to update it due to its age compared to the current version. The speaker disables the icon bar for a cleaner view and enters a fictitious bill for advertising. To delete a transaction, they mention that it follows a process similar to changing a transaction, starting with finding the transaction. The tutorial emphasizes the importance of using a sample file for practice to protect real transactions.