Zend certified PHP/Magento developer

How to best manage logs in var/log?

Magento 2.4.2-p1
Smartwave Porto theme
Amasty extensions

I have many Errors in my log files in:

/public_html/var/log

Some of these log files are getting quite large so I thought if I rename them, the system would just generate a new file? I would also want to do this after correcting something such as today, I found an Error in the exception.log file saying our Paypal merchant address does not match. I’ve corrected it in the PayPal Payments Pro setting in Admin panel, then renamed exception.log to exception_December_16th_2021.log, cleared Cache and reindexed and was expecting the file to be recreated but that hasn’t happened!

What is the best way to manage the log files? Would the ideal state of things be that there would be no Errors generated in any of these files?

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