Often we create a bill of a p.o. and are prepaying for the item , the gl impact after the bill is paid puts it into accrued purchases, and then when it is received it gets "moved" to inv asset , sometimes we get a vendor credit or cash refund how do you deal with this

Take a look at this article in SA. Vendor Prepayments Overview Published 08/23/2019 08:42 AM Updated 06/18/2021 12:15 AM Answer Id: 87402

thanks it doesn't cover vender refunds on prepayment