Transfer the open amount of a partner contribution to an existing partner
contribution.
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In the Partner Contributions work area, click the stakeholder with the partner
contribution that you want to transfer.
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On Edit Partner Contribution, click the Actions menu and select Transfer
Contribution.
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On Transfer Partner Contribution, select Existing for the Transfer Type.
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Complete the following fields to identify the partner contribution that will
receive the open amount:
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Joint Venture. Select the joint venture that’s associated with the
partner contribution you want to transfer to. Only joint ventures in
Active status are displayed in the list.
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Stakeholder. Select the stakeholder that the partner contribution
belongs to.
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Partner Contribution ID. Identify the partner contribution for the
stakeholder by specifying a combination of the partner contribution
start date and open amount. The corresponding partner contribution
ID is displayed in the field based on your selection.
The application populates these fields with values from the selected
partner contribution: Start Date, Description, Status, Contribution
Amount, and Joint Venture Partner Contribution Account. The value in
the Transferred Amount field is the open amount that will be
transferred.
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Transaction Reason. Enter a reason for transferring the partner
contribution.
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Create Journal Entry. This is selected by default, which indicates
that a journal entry must be created to complete the transfer.
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If the account on the receiving partner contribution and the
source contribution are the same, you can deselect the check
box to transfer the partner contribution without recording
it in a journal entry.
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If the account on the receiving partner contribution is
different than the account on the source partner
contribution, you can’t deselect this check box. In this
scenario, the transfer must be processed through a journal
entry.
See Create a Journal Entry to Process a Partner Contribution Transfer for more information.
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Click Submit.
Results:
If the transfer needs to be processed through a journal entry, the status of the
source partner contribution changes to Ready to Transfer. The open amount will be
transferred only after you create the journal entry.
If the transfer is complete without creating a journal entry, the source partner
contribution changes to Transferred status and the open amount is zero.