How to handle Supplier Refund for a invoice which was paid with tax
Oracle R12.2.8 .
I have a Payables Invoice with
Dr Expense $80
Dr Non recoverable Tax $20
Cr Liability $100
For a valid business reason there is a supplier refund, supplier pays back $100.
This comes as a unreconciled line in Bank Statement. During Manual reconciliation I can do a Misc Receipt to Dr Cash 100, Credit Expense 100 , but I need to still hit the Non Recoverable Tax for $20.
Is there a way I can do that (without doing a AP Invoice in AP and a Credit Memo with Tax and apply it against the Invoice, so that it will knock of the liability and hit the tax register and the accounting accurately)?
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