what happens when I cancel a Bill?

AI generated answer (using internal Slack threads):

When you cancel a bill in NetSuite, the bill remains recorded in the system but is not processed for payment. Links to purchase orders are retained for audit purposes. However, a canceled vendor bill is not applied as billed against the purchase order. If you want to completely negate the bill, you can create a Bill Credit against it. This will effectively net out the bill, removing its impact on the General Ledger (GL). It's important to note the difference between cancelling and voiding a bill. While cancelling a bill leaves it in the system but unprocessed, voiding a bill creates a Reversing Journal Entry to reverse the GL Impact of the Bill. If you don't use the purchase module, there might not be a practical difference between cancelling and voiding a bill in your case. Both ways remove the GL impact of the bill and cannot be undone. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******