Hi, Mountneycarpentry. In QuickBooks Online Sole trader (QBST), you cannot entirely delete the excluded transaction.
Although this feature is not currently available within the system, excluding transactions is a final step that ensures they are removed entirely and won’t affect your Schedule C or tax summary. This guarantees accurate reporting and simplifies your bookkeeping and tax preparation process.
For more details, refer to this article: Exclude bank transactions in QuickBooks Sole Trader.
If you have any additional questions or need further assistance, please reply to this thread.