Perform these steps to run the process to create the initial statistical journal
entries for operational measures. After running this process, run the following processes to
complete the accounting for the journal entries:
- Create Accounting
- Update Accounting for Journals
If you run these processes on a schedule, you might want to leave time between the
processes to create statistical journal entries and create accounting. This gives
you a chance to review the accounting header with the statistical journal entries
before they are fully accounted. You can access the accounting header from the
operational measures in the Joint Venture Operational Measures work area.
-
Select Joint Venture Management on the Home page, and then select Create Joint
Venture Invoices and Journal Entries from the Quick Actions list.
-
For the Processing Mode, select Create Statistical Journal Entries for
Operational Measures.
-
Use the following fields to determine the operational measures to process, or
leave them blank if you want to process operational measures for all your joint
ventures:
-
Legal Entity. Use this field to process operational measures 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 write the operational
measures 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: The ledger that you enter must have been set up with
accounts for storing statistical journal entries. Subledger Accounting will
also need to be set up for the ledger.
-
To process operational measures for a particular measure type, select the type
from the Measure Type list.
If left blank, operational measures of all measure types will be
selected.
-
To process operational measures based on an operational state, complete these
fields:
- From Operational State
- To Operational State
Complete both fields to enter a range of operational states.
To specify a single operational state, enter the state in both the From and
To fields.
If you complete the From Operational State and not the To Operational State,
measures will be processed that are at a state greater than or equal to the
From Operational State.
Likewise, if you complete the To Operational State and not the From
Operational State, measures will be processed that are less than or equal to
the To Operational State.
This limits the creation of statistical journal entries for only operational
measures where the joint venture or joint venture and primary segment are at
the specified operational state. The process compares the measure date in
operational measures to the reported date in operational states to determine
the operational measures to create statistical journal entries for.
-
If you want to process operational measures based on a reporting date, enter
the date range in these fields:
-
For Accounting Date, enter a date that the process will assign as the
transaction date for the statistical journal entries in subledger accounting. If
you leave this field blank, the current date will be used.
-
Click Submit.
-
When the process completes, click OK in the confirmation.
-
Click the log file in the Log and Output section to view the details about the
created statistical journal entries.