Internal Order Release/Cancel Release/...

Dear All,
I have several questions regarding Internal Order (Order type - 0401) release/cancel release options.
In order to make IO "usable" After creation I select Release option and then assign the budget to the order. When the order is no longer needed I choose Cancel release so the order can be no longer used.
So I am interested in:
1) I have lots of orders which must be cancelled, is there any trasnaction for Batch canceling or releasing the orders?
2) Does canceling the order affect for example expenses posted on this order? I mean expenses posted on this order dissapear or stay as it is?
3) what is the difference between Cancel release and Technically completed.
Thank you in advance.

Hi,
Yes CLOSE is the right option for finishing the order. As per my understanding there is no option in standard system to mass cancel/release an order.

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