Deleting an active, posted receipt does not automatically 'reverse' entries that have already been posted. In fact, you will be warned after clicking the Delete button on an active receipt "There is no invoice number for receipt 9999. Taxes not included in cost will not be transferred to the General Ledger and Accounts Payable batch entries will not be created. Do you want to delete this receipt?" Because you have already posted the transactions, the item quantities and received costs have already updated IC

You must use the appropriate method(s) available to correct any mistakes that were originally made during entry. You can enter necessary corrections to quantities through the Enter Adjustments area if you have already posted the document. If you have not posted it, you can just edit the receipt.

I am not aware of any application that reverses posted transactions if you delete the document in question.

Regards,
Softrak Support