diff --git a/erpnext/accounts/doctype/payment_entry/payment_entry.py b/erpnext/accounts/doctype/payment_entry/payment_entry.py
index 371e81385673..a7d3435aa03a 100644
--- a/erpnext/accounts/doctype/payment_entry/payment_entry.py
+++ b/erpnext/accounts/doctype/payment_entry/payment_entry.py
@@ -194,7 +194,7 @@ def validate_allocated_amount_with_latest_data(self):
 			# The reference has already been partly paid
 			elif (
 				latest.outstanding_amount < latest.invoice_amount
-				and d.outstanding_amount != latest.outstanding_amount
+				and flt(d.outstanding_amount, d.precision("outstanding_amount")) != latest.outstanding_amount
 			):
 				frappe.throw(
 					_(