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In this tutorial, the presenter demonstrates how to delete a transaction in QuickBooks. To avoid affecting their actual data, they close their company file and open a sample file, emphasizing not to enter real transactions in this environment. When opening an older company file, users are prompted to update it to the current version. The presenter prefers a different view in QuickBooks, opting to hide the icon bar and display the open windows list. They create a random bill for Bayshore Water worth one million dollars before outlining the deletion process, which starts with locating the transaction, similar to modifying it.