I would like to delete old vendors. What are the consequences of doing so?
Besides deleting the vendor record, deleting a vendor also deletes all paid, unpaid and voided invoices, all recurring entries and all manual checks for the vendor. You may not be able to print complete and accurate reports (including 1099 Forms) if you delete a vendor. Vendors with posted unpaid invoices cannot be deleted until the unpaid invoices have been unposted.