Run the Identify Joint Venture Transactions process in the Process Ownership
Definition Assignment Rules mode to apply assignment rules to transactions identified in a
prior run.
Use this option to assign an ownership definition or a direct billed stakeholder to
transactions that don't have one. Transactions might not have an ownership
definition for multiple reasons, including:
-
The joint venture wasn't set up with a default ownership definition.
-
The transaction doesn't have an ownership definition assignment rule.
-
The process to apply ownership definition assignment rules to transactions
wasn't run previously.
-
Access the Identify Joint Venture Transactions process.
-
For the Processing Mode, select Process Ownership Definition Assignment Rules.
-
Use the following fields to determine the transactions to process, or leave
them blank if you want to process transactions for all your joint
ventures:
-
Legal Entity. Use this field to process transactions for joint
ventures that are associated with a particular legal entity.
Caution: The drop-down list includes
all legal entities that are associated with joint ventures; this can
include legal entities that you don't have access to. If you select
a legal entity that you don’t have access to, no records will be
processed.
-
Joint Venture. Select a particular joint venture or click Select More
to select multiple joint ventures. If you selected a legal entity,
the drop-down list includes only the joint ventures associated with
the legal entity.
Only joint ventures in Active status will be processed.
-
Use the Ledger field only if you want the process to apply assignment rules to
transactions in a ledger other than the primary ledger of the joint venture. If
you leave it blank, the primary ledger associated with the business unit of the
joint venture will be used.
Note: Transactions identified from a ledger other than the
primary ledger of the joint venture are available for distribution. However,
distributions generated from these transactions aren't available for
invoicing or journal entries. Their status is set to Process
Complete.
-
Select a period to apply assignment rules to transactions for a particular
period. If you leave this blank, the earliest open period for the ledger will be
used.
The period is also compared to the effective date range in assignment rules
to determine which assignment rules will be used. Only assignment rules with
effective dates that overlap with dates for the period will be
processed.
-
For Bypass Default Ownership Definition Assignment:
-
Select No if you want the process to assign the default
ownership definition defined in the joint venture definition to any
transactions not assigned with an assignment rule.
-
Select Yes to ignore the default ownership definition defined
in the joint venture definition.
After running this process, it's possible for transactions to not
have an ownership definition or direct billed stakeholder assigned
to them in the Joint Venture Transactions work area. They can't be
processed to create distributions. You can manually assign an
ownership definition or direct billed stakeholder to these
transactions in the Joint Venture Transactions work area. Or you can
edit the assignment rules if necessary and rerun this process to
create the proper assignments.
-
Click Submit.
After the process completes, you can review the processing details in a
report. To access the report, click the Process Details tab, select the “…more”
link next to Attachment, and then click the .txt file.