Before you perform this task, create a manual transaction (a receivables invoice or a
journal entry) for the partner contribution open amount less the agreement default charge,
if applicable. You then associate the manual transaction with the partner contribution in
this task.
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In the Partner Contributions work area, click the stakeholder with the partner
contribution that you want to close.
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Click the Actions menu and select Close Contribution.
Or click Manage in Excel and use the spreadsheet to close multiple partner
contributions.
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On Close Partner Contribution, complete the following fields:
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Transaction Number. Enter the transaction number for the invoice or
journal entry that you manually created for the refund amount.
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Transaction Date. Enter the transaction date on the invoice or
journal entry. By default, the current date is used.
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Close Date. Enter the date that you want to use as the close date. By
default, the current date is used.
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Transaction Reason. Enter a reason for closing the partner
contribution.
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Agreement Default Charge. If the terms in the joint operating
agreement include a charge for closing a partner contribution, enter
the amount of the charge. This amount will be deducted from the
refund amount.
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Agreement Default Charge Account. Specify the account that was used
on the manual agreement default charge transaction.
Click the field and select each segment value to identify the
account, or use the search filters to identify the account.
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Click Submit.
Results:
The status of the partner contribution changes to Closed and
a record for the close transaction appears in the Transactions tab with a transaction
status of Process Complete.