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In this tutorial, the presenter demonstrates how to delete a transaction in QuickBooks. To avoid affecting their main file, they close their company file and open a sample file. The tutorial notes that if an "update company" dialog box appears, it indicates the opened company file is older than the current version, and the user must allow QuickBooks to update it. The presenter then customizes the view by hiding the icon bar and accessing the open windows list. A random bill for advertising is created as a demonstration. To delete a transaction, the user must first locate the transaction, which is part of a three-step process similar to editing transactions.