This doesn't appear to be an option but we are seeing more clients asking for this. It would be great to see this idea added as an options especially to real-time forms.
This is a much needed functionality. This is in the idea list for long. there needs to be a standard one button process if possible to get a purchase invoice reversed.
Quite few of our clients are facing the same problem. Would be nice to have a function, which will update item descriptions in the production BOM, after it is changed in the item card.