1. Using Joint Venture Management
  2. Update Transaction Status for Paid Transactions

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 transactions from Oracle Payables and Receipt Accounting can’t be distributed or billed to partners until they’re paid.

The Identify Joint Venture Transactions process assigns the Awaiting Payment status to these unpaid transactions. After the transactions are paid, you must change their status to Available to Process so that they're eligible for distribution and billing. You can manually change the transaction status or run a process that automatically changes the status.

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. Use the following fields to determine the transactions to process, or leave them blank if you want to process the transactions for all your joint ventures:

    • Legal Entity. Use this field to update the 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.

  4. Use the following fields to select transactions based on a date range:

    • From Date.

    • To Date.

  5. 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.