The problem is this leaves a negative balance on my vendor.
I saw in another posting to simply create an expense to balance the vendor but it's not a real expense and screws up my bookkeeping.
I purchase (cost-of-goods-sold) from vendor. $100 and paid in full with my credit card. I recieved $10 damaged. I get a credit for $10. I need to reduce my cost-of-goods-sold reported to the IRS and I need to apply that credit to that reduction so that my vendor balances to $0.00.
I think I found this can be done in Quickbooks desktop, but there is no Vendor refund (not Vendor Credit used to reduce balance due but vendor refund to reduce cost-of-goods-sold) option in Quickbooks online. Is that correct?
