Run the Process to Create Joint Venture Invoices

You must be a joint venture accountant to run the process to create joint venture invoices:

• Receivables invoices to bill partners for joint venture costs

• Payables invoices to pay partners for joint venture revenue

1. From the Home page, select Joint Venture Management, and then select Create Joint Venture Invoices and Journal Entries from the Quick Actions list.

2. For the Processing Mode, select Create Invoices for Joint Venture Distributions.

3. For the Type, select Receivables, Payables, or Both.

4. Use the following fields to filter the joint venture distributions you want to process:

   • Business Unit. Select a business unit to process joint venture distributions for all the joint ventures associated with the business unit.

   • Joint Venture. Select a joint venture to process distributions for a particular joint venture.

     Leave these fields blank to run this process over all joint ventures. The process selects only those joint ventures in Active status.

5. Click Process By if you want to process distributions for a particular period or by a range of accounting dates, and then enter the period or date range accordingly.

   Only distributions for transactions posted in the specified period or within the date range will be processed.

   If you leave this field blank, the process will select all distributions that are available for processing. If you select Period or Accounting Date but don’t specify a period or a date range, the process will select distributions for transactions that have an accounting date corresponding with the earliest open period.

6. Select an invoicing partner if you want to generate invoices only for a particular invoicing partner's distributions.

7. Specify default values for the following dates in the joint venture invoices:

   • Invoice Date. Enter a date to assign as the invoice date in the joint venture invoices. If you leave this field blank, the system date is used.

   • Accounting Date. Enter a date to assign as the general ledger date for the joint venture invoices in Oracle Receivables or Oracle Payables. If you leave this field blank, the process assigns the last day of the current open period.

   • Conversion Date. If an override currency is specified for any stakeholders in the joint venture, choose invoice date or system date to determine the currency conversion rate to use when creating invoices for the stakeholders. If you leave this field blank, the system date is used as the default.

8. Click Submit.

   The Create Joint Venture Invoices and Journal Entries process uses a combination of a parent process and subprocesses to create invoices. All the processes generate logs.

9. To view details about the completed process:

   1. Click your instance of the Create Joint Venture Invoices and Journal Entries parent process in the Search Results section.
   2. Click the attachment in the Log and Output section to view these details:

      • Number of invoices created by joint venture and business unit

      • Number of distribution records without customer or supplier information by joint venture and stakeholder

10. To view the details of processing errors due to which some distributions aren't invoiced:

    1. Click an instance of the Create Joint Venture Invoices and Journal Entries subprocess in the Search Results section.
    2. Click the attachment in the Log and Output section to view the details of any processing errors due to which some distributions aren't invoiced.

    Similarly, you can view the logs of all the subprocesses for your instance.