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Old 09-28-2017, 08:34 AM
jason_k jason_k is offline
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Join Date: Dec 2013
Posts: 51
Credit Memo for Wrong Tax Code on Invoice

Hello, I have a situation where my vendor billed the wrong tax code on the invoice. They later sent me a Credit Memo for -$100 for wrong tax code.

How can I record this? Which account do I record this to? I don't believe I can record it to COGS since the vendor credited us the difference in taxes and not the cost of goods sold?

What is the best way to record this? Thanks in advance.
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