diff --git a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
index a9e64a96b402573dd620f073248d90cedd42b6ca..0657ca3ae132eee138544d46abb871f3136ef91b 100644
--- a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
+++ b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
@@ -1109,7 +1109,7 @@ class PurchaseInvoice(BuyingController):
 						gl_entries.append(gl_dict)
 
 						# check if the exchange rate has changed
-						if item.get("purchase_receipt"):
+						if item.get("purchase_receipt") and self.auto_accounting_for_stock:
 							if (
 								exchange_rate_map[item.purchase_receipt]
 								and self.conversion_rate != exchange_rate_map[item.purchase_receipt]