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Reverse a Purchase Invoice after Exchange Rate Revaluation

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Posted on by Hoang Ng

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I posted a foreign currency Purchase Invoice in 31/Dec/2021.

I run EX revaluation until now (Oct/2022).

What is the best way to reverse the Purchase invoice and the EX revaluation transactions ?

Thanks.

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Gavin 2,508 on at

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Hi,

Do you know if the Purchase Invoice was posted via a journal or the Purchase Invoice page?

If it's via a Purchase Invoice I found going to the "Posted Purchase Invoice" page and using the "Create Corrective Credit Memo" option and posting that reversed the entries created via the Adjust Exchange Rates batch job.

If the Purchase Invoice was created via a journal it seems you can't use "Reverse Transaction" therefore it would require a manual entry to be created and applied to the invoice which then reverses everything correctly. Just ensure you use the same exchange rate on the manual transaction.

Hope this helps.

Thanks

Gavin

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DAnny3211 11,397 on at

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hello

make a credit note from the invoice

DANiele

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Amit 2,559 on at

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Hi,

Do Purchase Credit Memo.

https://erpconsultors.com/correct-or-cancel-a-posted-purchase-invoice/

Regards

Amit Sharma

www.erpconsultors.com

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Inge M. Bruvik 1,111 Moderator on at

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You do not have to reverse the EX revaluation when you credit the purchase invoice.

The system will handle that when you apply the credit memo to the invoice.

If you want the agio to be as small as possible make sure you use the same exchange range on your credit memo as you have on the current open vendor ledger entry.

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YUN ZHU 95,638 Super User 2025 Season 2 on at

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Hi, As Inge mentioned this has no effect, you just need to reverse the invoice normally.

For example, use Cancel feature on the Posted Purchase Invoices page.

Hope this helps as well.

Thanks.
ZHU

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Hoang Ng 307 on at

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As you said, the system handle reversal of EX revaluation but the problem is that the reversal of EX revaluation is generated same date as Reversal Invoice.

My Invoice was created in 31/12/2021 in General Journal

I created manually a new negative invoice in General Journal.

Run EX revaluation for new negative invoice.

Apply the old invoice with new negative invoice

I checked and saw the data generated is ok to me.

Thank for you help

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