diff --git a/erpnext/accounts/doctype/payment_entry/payment_entry.py b/erpnext/accounts/doctype/payment_entry/payment_entry.py
index 46904f7c571..27fcbf5c2af 100644
--- a/erpnext/accounts/doctype/payment_entry/payment_entry.py
+++ b/erpnext/accounts/doctype/payment_entry/payment_entry.py
@@ -183,13 +183,6 @@ class PaymentEntry(AccountsController):
 					d.reference_name, self.party_account_currency)
 
 				for field, value in iteritems(ref_details):
-					if d.exchange_gain_loss:
-						# for cases where gain/loss is booked into invoice
-						# exchange_gain_loss is calculated from invoice & populated 
-						# and row.exchange_rate is already set to payment entry's exchange rate
-						# refer -> `update_reference_in_payment_entry()` in utils.py
-						continue
-
 					if field == 'exchange_rate' or not d.get(field) or force:
 						d.db_set(field, value)