When you cancel an event, iMIS automatically reverses the accounting entries that were created during order processing. The income accounts are debited and AR/Cash is credited. All open receivable balances for unpaid orders are closed (brought to zero balance). For registrants who have already paid, the reversed entry results in open credits. Open credits can be refunded or can be applied to other orders or event registrations.
If you enable the Delete Event Definition on Close option on the Event System Preferences window the event definition is deleted when you cancel the event. If the option is not enabled, the event you are canceling appears on the list of events on the Define an event window with a status of X.
Canceling an event, unlike canceling a registration, is irreversible. All registration details are always deleted after an event is canceled.
10.6 Production Release. Updated 2/2/2006 9:56:21 AM
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