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Peter from Blackrock Business explains in a YouTube tutorial that it is not possible to delete a receipt from QuickBooks point of sale as it is a financial system connected to your accounting records. Deleting receipts would be considered cooking the books, which is not allowed in the accounting world. Instead of deleting receipts, Peter suggests voiding the sale or refunding the customer if necessary. Deleting receipts is not an option in QuickBooks point of sale due to the importance of maintaining accurate financial records.