web
You’re offline. This is a read only version of the page.
close
Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Can't reverse a pu...
Small and medium business | Business Central, N...
Answered

Can't reverse a purchase invoice after canceling a Fixed Asset entry

(0) ShareShare
ReportReport
Posted on by Esteban Navarro 241

Hello,

A fixed asset was acquired under the wrong vendor, and the error was found one month later. We went to the FA Ledger Entries, selected the entries, and canceled them through the Fixed Asset G/L Journals. The purchase invoice on the original vendor (the wrong one) is still showing, but Business Central doesn't let us reverse it. We are getting the following error "The Fixed Asset does not exist. Identification fields and values: No.=''

pastedimage1617848028463v2.png

What can be done to reverse this entry?

Thanks.

I have the same question (0)
  • Verified answer
    Community Member Profile Picture
    Community Member on at

    Esteban,

    When you reversed the Fixed Asset on the FA G/L Journal the Asset was cancelled and showing 0.00 value. The original Posted Purchase Invoice cannot be reversed now since the Fixed Asset is gone. I would recommend you create a Purchase Credit Memo to the Vendor and Apply the Credit Memo to the Invoice to close the Invoice out. Now here is the issue... Your FA G/L Journal probably Credited Fixed Assets and Debited 'what G/L Account'? If AP, then the Credit Memo will need to post to that G/L Account to eliminate this entry against the open Posted Purchase Invoice.

    Hope this helps.

    Thanks,

    Steve

  • Esteban Navarro Profile Picture
    Esteban Navarro 241 on at

    Steve,

    Thanks a lot for the answer, it worked.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Congratulations to the November Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > Small and medium business | Business Central, NAV, RMS

#1
OussamaSabbouh Profile Picture

OussamaSabbouh 2,577

#2
YUN ZHU Profile Picture

YUN ZHU 888 Super User 2025 Season 2

#3
Jainam M. Kothari Profile Picture

Jainam M. Kothari 778 Super User 2025 Season 2

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans