Review Internal Transfer Journals

You can use any of the following applications to review internal transfer journals:

• Joint Venture Journals
  • In addition to internal transfer journals, you can use this application to review journal entries for carried interest distributions, operational measures, and partner contribution closures if supported in your implementation.
• Joint Venture Distributions
• Subledger Accounting
• General Accounting

Review Internal Transfer Journals in the Joint Venture Journals Application

1. On the Home page, select Joint Venture Management, Journals.
2. On Joint Venture Journals, use the search to find internal transfer journals by document number, accounting status, or accounting type. You can also search on a combination of these values.

3. Click the document number to access additional details, including entries for distributions related to the same original transaction, distributed amounts, and so on, as shown in the following example:

4. You can click Review Subledger Journal to review the internal transfer journal in Subledger Accounting.

Access Internal Transfer Journals from the Joint Venture Distributions Work Area

The Joint Venture Distributions work area provides access to an application that provides additional details about internal transfer journals. The application includes the status of the internal transfer journal as well as all distributions included in the journal.

You can access this same application from internal transfer journals in Subledger Accounting.

1. In the Joint Venture Distributions work area, search on the name of the joint venture and the "Process complete" status to view processed distributions.

2. In the results, sort on the Cost Center column because these types of distributions are for internal stakeholders that are identified by a cost center.

3. In the distribution for which you want to see transaction details, click the link in the Distribution ID column.

4. On the distribution details page, scroll down to the Journal Transaction Details section and click the Target Transaction ID link.

   

   This link takes you to an application that provides additional details, as shown in the following image. The page header provides high level details about the internal transfer, such as the name of the joint venture and stakeholder. It shows distributions related to the same original transaction and details about the distributions such as the transaction source and the distribution amount.

   

Review Internal Transfer Journals in Subledger Accounting

1. From the Home page, select Joint Venture Management, and then select Review Subledger Journals for Joint Ventures from the Quick Actions list.

2. Complete these fields to search for journals:

   • Ledger. Equals the primary ledger of the business unit for your joint ventures.

   • Journal Source. Equals Joint Ventures.

   • Date. Use the Between operator to enter a date range based on the accounting date in the journals.

   • Status. Equals Final.

3. Click Search.

   • Accounting Date. This is displayed only when your search criteria includes “Status Equals Final.” Make sure that the search dates in the header are set accordingly.

   • Transaction Number. This is a concatenation of the type of internal transfer, the name of the joint venture that the transfer originated from, and a timestamp.

   • Journal Category = Internal Transfer

   • Status = Final

   • Entry Description. For example:

     Cost Transfer From Joint Venture: PERMIANBASIN To Stakeholder: PERMIAN_INTERNAL_COST_CENTER

4. You can expand the journal entry to review the journal lines.

Review Internal Transfer Journals in General Accounting

On the Journals page, you can select the Manage Journals task to review journals in the General Accounting.

The simplest way to locate the journals is to search on the journal batch name that was entered when the Create Accounting process was submitted.

In the results in the grid, you can click on a journal to review the transaction.