Requesting to Close a Cash Call

You use the Cash Call Definition program (P09J40) to request the closure by selecting the cash call to be closed and providing information to create a journal entry or a voucher. You can also specify an amount associated with any agreement default charge or amount to be retained by the joint venture due to the reason for the closure that has been identified in your Joint Operating Agreement. This agreement default charge will be deducted from the open amount and the remaining amount will be refunded to the partner.

To close a cash call and refund the partner, the cash call must have an open amount not equal to zero and the cash call must not be at any of these statuses: In Progress, Available to Invoice, Closed, Pending Transfer, or Pending Closure.