1. Using Joint Venture Management
  2. Manually Create Partner Contributions

Manually Create Partner Contributions

Manually create partner contributions in the Partner Contributions work area. Or you can define multiple partner contributions in a Microsoft Excel spreadsheet, and then upload them all at once from the spreadsheet to this work area. You use this method if you need to create a few partner contributions or a one-off partner contribution for a stakeholder.

Perform the following steps to create a partner contribution for a stakeholder:

  1. On the home page, click Joint Venture Management, Partner Contributions.

  2. On Partner Contributions, click Add.

    Or click Manage in Excel and use the spreadsheet to add multiple partner contributions. The spreadsheet contains instructions on how to complete the columns, which reflect the fields in the user interface and include a list of values for fields when applicable.

  3. Select the joint venture applicable to the partner contribution.

  4. Select the stakeholder to assign the partner contribution to.

  5. Enter a start date and a description.

    If you don’t enter a start date, the current date will be used when you save the partner contribution. The description is optional.

  6. In the Contribution Amount field, enter the amount of the partner contribution. Make sure the amount matches the amount entered or to be entered in the invoice or journal entry.

  7. At this point, you can perform these actions:

    • Click Save to save the information you entered and stay on the page. Or click Submit to save the partner contribution and return to it later. You can also click Actions and then click "Save and New" to add another partner contribution.

      Note: These actions save the partner contribution in Pending status. In this status, you can still modify the contribution amount if needed.

    • Enter a joint venture partner contribution account. This will be used as the default account in the Revenue accounting class of the receivables invoice line that represents the draw from a partner contribution.

      At this point, you can associate a manual receivables invoice or a journal entry with the partner contribution. To do so, click Actions and then select Add Invoice or Add Journal. See Manually Associate a Receivables Invoice or Journal Entry to a Partner Contribution

      Or to automatically create a receivables invoice from the partner contribution using the scheduled process, you must first change the partner contribution status to Ready to Invoice. The process creates invoices only for partner contributions that are in this status. See Create Partner Contribution Invoices Through a Scheduled Process.