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Finance | Project Operations, Human Resources, ...
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Inventory Transactions Not Reversed After PO Cancellation (Fiscal Period Error)

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HI All, 

We have a Purchase Order in the live environment that was originally created in October 2022. An attempt was made to cancel this PO in September 2024 through workflow approval. During workflow approval after initiating the cancellation, the following error is thrown:

“Stopped (error): Transaction date is not part of an open fiscal period within two fiscal years, or you do not have the necessary user rights.”
Although the PO status is shown as Canceled, the inventory transaction line still exists, and on-hand inventory has not been updated.
As per standard behavior, when a PO is canceled, the related inventory transactions should be deleted/reversed and on-hand should be updated accordingly, but that is not happening in this case.

 
 
Is there any supported way to fully cancel this PO, or to correctly clean up the existing inventory transactions for this scenario?
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