Unable to create Expense Report for Inactive Employee

We have an inactive employee that has an expense item that needs to be processed; it was initially getting the following error: The external bank account is inactive. Either the bank account or the assignment of the bank account to the payee is no longer active.

I've went ahead and set the 'EXM_BANK_ACCT_REQUIRED' profile value to 'N' under the 'Manage Administrator Profile Values’ in Setup and Maintenance

The expense reports is now in a state of 'Invoice Canceled'. Is there a way to reinstate the Corporate Card / Expense Items for reuse.