I have a rebate type credit from a supplier in USD, so it is just essentially a partial refund on a couple items. I have previously posted USD credits only where it was a credit for an item that was being returned so I was taking it completely out of stock. I have never posted a credit where I am just adjusting the cost of the item essentially.

Normally I would make an adjustment to the item in Inventory Control, at what the cost comes up as in CAD and then in Payables account for the credit with the same CAD price and subtract an exchange value for the difference between the USD credit and what our CAD price was. However, I am unsure how to do this when I am only making a price adjustment, not taking out the whole item. Any thoughts on this? Thank you!

Cheers,
Meg