1. Using Joint Venture Management
  2. Manage Unpaid Transactions from Payables and Receipt Accounting

Manage Unpaid Transactions from Payables and Receipt Accounting

The Identify Joint Venture Transactions default mode assigns Awaiting Payment as the initial status to transactions from Oracle Payables and Receipt Accounting if these conditions are met:

  • The Bill When Paid option is selected in the joint venture definition.

  • The original transactions are unpaid or partially paid.

Transactions in this status are excluded from the joint venture distribution process. After they're paid, you can update the transaction status to Available to Process using either of the following methods:

  • Run the Identify Joint Venture Transactions process in this mode: Update Joint Venture Transaction Status for Paid Transactions.

  • Manually update the transaction status to Available to Process in the Joint Venture Transactions work area.

If there are unpaid transactions in error, you must correct the error and then change the transaction status to Awaiting Payment. For information on how to correct errors in transactions, see Correcting Issues with Joint Venture Transactions and Distributions.