You have purchased inventory items and recorded the purchase with a Bill or a Credit Card Charge. Your vendor notifies you that they charged you the incorrect cost:
This issue can be complicated by several scenarios:
Step 1: Enter a Bill Credit to reverse the original Bill.
Step 2: Link the Bill Credit to the original Bill.
Step 3: Enter a new Bill with the correct cost.
The solution is a two-step process because you do not link the CC Charge to the CC Credit:
Step 1: Enter a Credit Card Credit to reverse the original Credit Card Charge.
Step 2: Enter a new Credit Card Charge with the correct cost.
Note: All three transactions should appear on your credit card statement(s) for reconciliation.