What action is required when you want to edit a transaction?

When you want to edit a transaction in QuickBooks Online, the correct action is to select the transaction and choose "Edit." This straightforward process allows users to make necessary adjustments directly to the transaction information, such as changing amounts, dates, or descriptions, without losing any existing data or history associated with that transaction.

Editing a transaction in this manner ensures that the integrity of the accounting records is maintained, which is crucial for accurate financial reporting. This method allows the user to quickly access and modify transaction details in a user-friendly interface.

Choosing to simply delete a transaction would remove it from the accounting history, which is not advisable if the transaction needs to be retained for future reference or auditing purposes. Navigating away and coming back later doesn't facilitate any changes and could lead to confusion about whether the intended modifications were made. Asking a team member to edit the transaction introduces unnecessary steps and potential miscommunication, especially with collaborative changes. Thus, directly selecting the transaction and opting for "Edit" is the most efficient and effective method.