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The key difference between avoided and deleted transactions in QuickBooks Online is that avoided transactions still retain their attachments, while deleted transactions do not. Avoided transactions have the same effect on financial statements as deleted transactions, but the attachment remains intact. Voided transactions can be reactivated by adding the original value, but deleted transactions cannot be retrieved as the attachment is permanently removed. Avoiding transactions is advantageous for preserving attachments and allowing for easy reactivation if needed.