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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Cannot Reverse a payme...
Small and medium business | Business Central, N...
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Cannot Reverse a payment due to Forex Gain/Loss

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Posted on by PaulRoots 45

Hi Guys,

May I ask if you have encountered this issues?

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Thanks in advance

  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 74,115 Super User 2024 Season 2 on at
    Cannot Reverse a payment due to Forex Gain/Loss
    Hi, just adding some information.
    This major update (BC23) has the following feature. I'm not sure if it can solve your problem, but you can try again after upgrading to BC23.
    Use realized gain or loss entries to reverse ledger entries
     
     
    Thanks.
    ZHU
  • joshtechsolutions Profile Picture
    joshtechsolutions 4,378 on at
    Cannot Reverse a payment due to Forex Gain/Loss
    Hi,
     
    I tried this method, but I was not able to unapply any of the entries and informed of the error below.


     
  • Suggested answer
    MichaelFurness Profile Picture
    MichaelFurness 50 on at
    RE: Cannot Reverse a payment due to Forex Gain/Loss

    Only time I've ever seen this message is when the Exchange Rate on the Document is different to the Exchange Rate on the Payment. It posts the application and the Realised Gain/loss at the same time. BC (and also NAV) can't just reverse this transaction for some reason when you want to reverse the entry but it will reverse the Gain/loss if you unapply the entries first. After that you can post new entries and apply the correct ones together.

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    Olister Rumao Profile Picture
    Olister Rumao 3,957 on at
    RE: Cannot Reverse a payment due to Forex Gain/Loss

    Hi,

    Paul this issue is because you might have done a Forex transaction and the Currency Exchange Rate must have changed.

    So Business Central will automatically post this entry to match with your Forex Currency and Local Currency as per the Exchange Rate.

    What you can do is unapply this entry with the reconciled transaction and settle this payment by creating a Purchase Journal and settle with the current Payment.

    Or you can create a reversing entry using General Journals and settle the Payment with this General Journal Entry.

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