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

Notifications

Announcements

Season of Giving Solutions is Here!
News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / How to cancel PO Produ...
Finance | Project Operations, Human Resources, ...
Answered

How to cancel PO Product receipt if the inventory is closed?

(0) ShareShare
ReportReport
Posted on by Community Member

Hello experts,

The scenario is quite simple: The Product receipt was posted in a past date, and now that the inventory is closed, we ought to cancel this PO. We are unable to do so because of the posted Product receipt.

Any suggestions? I would highly appreciate it if the solution doesn't involve the cancelation of the Inventory Closing.

The warning reads:

"Inventory is closed for physical and financial transactions until xx/xx/xxxx"

pastedimage1610049339675v1.png

I have the same question (0)
  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 301,551 Super User 2025 Season 2 on at

    Hi Luis,

    You can't cancel the product receipt when the inventory is closed on or after the receipt date. The two options you have is creating a

    new PO with negative quantities and post a zero invoice or cancel the closing.

  • Community Member Profile Picture
    Community Member on at

    Yeah, I was afraid you were going to suggest that :(

    It is either the Credit note or

    Cancel the Closing.

    I really appreciate it André! Happy new year.

  • D R Sahu Profile Picture
    D R Sahu on at

    Hi André,

    Can you please explain the process of "Cancel the Closing." a PO??? please

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 301,551 Super User 2025 Season 2 on at

    HI D R Sahu,

    You can go to the form 'Closing and adjustment' in the periodic options of Inventory management. Then select a record and click 'Cancellation'. This should always be done in alignment with the finance department.

  • Suggested answer
    Community Member Profile Picture
    Community Member on at

    Hi Sahu,

    There's also a third possibility that my Accounting' guys like to do. To post a GL journal to settle the incorrect invoice. For example:

    The invoice voucher could be:

    D Expense account/Inventory/Fixed assets (etc.)

    C Vendor

    Then the GL journal is:

    D Vendor

    C Expense account/Inventory/Fixed assets (etc.)

    That way, we get to undo the financial impact, properly settle the Vendor account, and the PO can be closed. Please review your internal processes and the setup of the Accounts, because sometimes the Accounts are blocked for direct posting via GL journal.

    Cheers!

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

News and Announcements

Season of Giving Solutions is Here!

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 > Finance | Project Operations, Human Resources, AX, GP, SL

#1
Abhilash Warrier Profile Picture

Abhilash Warrier 763 Super User 2025 Season 2

#2
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 413 Super User 2025 Season 2

#3
Martin Dráb Profile Picture

Martin Dráb 284 Most Valuable Professional

Last 30 days Overall leaderboard

Featured topics

End-of-life Announcement for Microsoft Dynamics GP

Product updates

Dynamics 365 release plans