Hi LieraMarie_A,

This is a refund from vendors. Our vendors issued a credit memo on PO's ordered returns. But they refunded us less the total amount of the purchase order bill. What I did when we received credit memo from our vendor we go to Bill and select the credit and put the item, description and the quantity only (to put the item back to inventory) but I am not putting the amount. I am not sure how to mark/or record the amount which this is not going to balance. I know that COGS is nothing to do with this but if I put the amount what account is this going to? Inventory Assets? Accounts Payable? If you can help me on this. Thank you.