Grants Refund

Hello All,

We are going live with PS 9.2 and wanted to know how  credit refunds to Grants can be handled.

So we receive all refunds through an interface to AR module in PS including  as Deposits.

I am asking as I want to know how to handle situations when there is refund from a vendor to the grant for example the following scenario:

The paid expenditures had generated the corresponding billing, revenue, and F&A. So when a refund to the expenditure is made, the billing, revenue, and F&A that was originally incurred must be reduced. For example:

• An invoice was fully paid for equipment/material that was later found to be damaged. As a result, the department contacts the vendor and is issued a refund for the damages which must be returned to the grant.