Update Transaction Status for Paid Transactions

Perform this task only if you're processing joint venture definitions that are set up with the Bill When Paid option enabled. When this option is enabled, the joint venture’s expense transactions can’t be distributed or billed to partners until they’re paid.

Note: This option is applicable only to expenses recognized in Payables.

When you run the Identify Joint Venture Transactions process over joint ventures configured with this option, the process assigns the Awaiting Payment status to all unpaid transactions displayed in the Joint Venture Transactions work area. Transactions in this status are excluded from the Create Joint Venture Distributions process. After the transactions are paid, you must run the following process to change their status from Awaiting Payment to Available to Process so that they're eligible for distribution and billing:

Identify Joint Venture Transactions process - Update Joint Venture Transaction Status for Paid Transactions mode

To run this process, follow these steps:

1. From the Home page, select Joint Venture Management, and then from the Quick Actions list, select Identify Joint Venture Transactions.

2. For the Processing Mode, select Update Joint Venture Transaction Status for Paid Transactions.

3. In the Basic Options section, specify values in the following fields to select joint venture transactions to process:

   • Joint Venture.

   • Transaction from Date.

   • Transaction to Date.

4. Click Submit.

5. Back on the Scheduled Processes Overview page, you can view the submitted process and its status. Click the process in the table to view additional details about it.