{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/9a7ec86d8b624d9c808c1e4dd4477278\" frameborder=\"0\" width=\"2578\" height=\"1933\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1933,"width":2578,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1933,"thumbnail_width":2578,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/9a7ec86d8b624d9c808c1e4dd4477278-d7b9c768607c0e19.gif","duration":313.6906,"title":"Correcting Invoices with Credit Memos: A Step-by-Step Guide 📊","description":"In this tutorial, I walk you through the process of correcting invoices from a prior period using credit memos, which also applies to vendor credits against vendor bills. We specifically look at an invoice from August for a project with a total of $2,000 and $2,000 in retainage. I encountered a permissions issue while attempting to create a credit memo, which I resolved by adjusting role security settings to allow non-GL changes. I demonstrate how to credit the invoice in the current period and highlight that this action zeros out the quantities while maintaining the GL impact. Please ensure you have the correct permissions set up before attempting these adjustments."}