Manage Joint Venture Transactions

The Joint Venture Transactions work area displays transactions identified by the Identify Joint Venture Transactions process. This process identifies transactions in accounts defined as distributable in a joint venture definition.

In the Joint Venture Transactions work area, you can view details about each transaction, such as the transaction credit and debit amounts in the entered and accounting currency, the original account of the transaction, the ownership definition associated with it, and so on. You can also override certain values, such as the ownership definition, to change how a transaction is distributed if it hasn't already been processed by the Create Joint Venture Distributions process. See Override Joint Venture Transaction Processing for more information.

Joint Venture Transaction Statuses

A joint venture transaction can be in any of the following statuses:

Status	Description
Available to Process	The initial status of a joint venture transaction.
Not Distributable	Use this status to not distribute the joint venture transaction. Also, some project-related transactions might have this as the initial status. See Manage Project-Related Transactions for a Joint Venture.
On Hold	Use this status to place a joint venture transaction on hold.
Awaiting Payment	Transactions that originate from Payables might have this as the initial status if the payables transaction is unpaid or partially paid. See Manage Unpaid Transactions from Payables.
Process Complete	The transaction status after the Create Joint Venture Distributions process creates distributions from the transactions.

Joint Venture Transaction Error Statuses

If a joint venture transaction is in error, it’s assigned the appropriate error status. You must correct the error before you can distribute the transaction. The following table lists the error statuses joint venture transactions can have:

Error Status	Description
Missing Transaction Date	Indicates that the transaction doesn’t have a transaction date
Missing Ownership	Indicates that the transaction isn’t associated with an ownership definition or a direct billed stakeholder.
Ownership Not Effective	Indicates that the ownership definition assigned to the transaction isn’t effective on the transaction date.
Inactive Stakeholder	Indicates that the transaction is associated with an inactive stakeholder.
Reference Not Valid	Indicates that project details are missing for the project-related transaction.

For information on how to correct errors in joint venture transactions, see Correcting Issues with Joint Venture Transactions and Distributions.