diff --git a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.js b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.js
index 58866f7a16f..e9ec1dc5712 100644
--- a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.js
+++ b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.js
@@ -437,6 +437,8 @@ erpnext.accounts.PurchaseInvoice = class PurchaseInvoice extends erpnext.buying.
 				this.frm.set_value("is_paid", 0);
 				frappe.msgprint(__("Please specify Company to proceed"));
 			}
+		} else {
+			this.frm.set_value("paid_amount", 0);
 		}
 		this.calculate_outstanding_amount();
 		this.frm.refresh_fields();
diff --git a/erpnext/controllers/accounts_controller.py b/erpnext/controllers/accounts_controller.py
index e3f6e1d52ab..e9fbad9f991 100644
--- a/erpnext/controllers/accounts_controller.py
+++ b/erpnext/controllers/accounts_controller.py
@@ -650,6 +650,9 @@ class AccountsController(TransactionBase):
 				self.base_paid_amount = flt(
 					self.paid_amount * self.conversion_rate, self.precision("base_paid_amount")
 				)
+			else:
+				self.paid_amount = 0
+				self.base_paid_amount = 0
 
 	def set_missing_values(self, for_validate=False):
 		if frappe.flags.in_test: