Methods to Create Partner Contributions
The following table describes the different methods that you can use to create partner contributions.
| Method | Description |
|---|---|
| Create Partner Contributions from Partner Contribution Requests | This method enables you to create partner contributions that are either based on open amounts in stakeholder cost distributions or a specific gross amount. It gives you the flexibility to generate partner contributions one-time only or generate them on a daily, weekly, or monthly basis. In the Partner Contribution Requests application, you set up a request with the aforementioned details. You then run the following scheduled process over the request to generate the partner contributions: Process Joint Venture Partner Contributions – Process Partner Contribution Requests. |
| Create Partner Contributions Through a Scheduled Process |
With this method, you create partner contributions for a specific gross amount through a scheduled process. The process enables you to create partner contributions based on an ownership definition or for a single stakeholder. |
| Manually Create Partner Contributions |
With this method, you create partner contributions for a specific stakeholder and amount. You can create the partner contributions directly in the Partner Contributions work area or use a spreadsheet to enter the details and upload the spreadsheet to the work area. |
Regardless of the method that you choose to create partner contributions, you can use either of the following methods to invoice the partner contributions to the stakeholders:
-
Run the scheduled process that creates receivables invoices from partner contributions.
-
Create a manual receivables invoice or journal entry of the agreed contribution amount and associate it with the partner contribution.
After partner contributions are invoiced, you run a process to draw from the contributions. See Draw from Partner Contributions.
A joint venture accountant can run the partner contribution processes, and can also create and manage partner contributions in the Partner Contributions work area or in a spreadsheet.