Vendor Refunds Cash vs Credit Memo for Returned Items

 When items are returned to the vendor, the vendor may send in a refund check vs. a credit memo being issued.
Has anyone had experience with how to handle this within PeopleSoft.

The key concerns are:

• Recording the Receipt of Cash
• Reducing the Orginal Expense by the Cash received from the Vendor
• If the Original Voucher was a PO voucher, would like to associate the refund to the PO.
• We're Utilizing Commitment Control and would like the Encumbrance reflected appropriately for the reduction in expense.

Your help would be greatly appreciated.