Magento helps to create beautifully designed eCommerce websites. But apart from the creativeness, the transparent functionality and the ease of placing orders by the customers also influences the success of these online stores. So to make things simpler for customers, Magento allows easy way to edit an order, place an order on hold and even cancel an order. This tutorial will assist you in doing so.
If you wish to change the shipping address or the billing address, then you can do so editing the existing order instead of canceling it. But if you have ordered the wrong product or have ordered more than the required amount, then canceling the order is the only way to terminate it.