We created an GL Account called Vendor Refunds.
We do a quantity adjustment to this account.Â Then process the AP Debit Memo â€“ offsetting the account.
In your case â€“ you would return material from the jobÂ or reject it if you have the quality system.
Then you quantity adjust or scrap the material.
From: email@example.com [mailto:firstname.lastname@example.org]
Sent: Tuesday, August 26, 2014 9:05 AM
Subject: [Vantage] Vendor chargebacks for damaged goods
Question: How do other companies handle vendor chargebacks for damaged goods? Weâ€™d like to reduce our job cost by the amount weâ€™re re-imbursed for remaking structures.