Derive Partner Contribution Accounts for Journal Entries Created to Transfer Partner Contributions

Journal entries created to transfer partner contributions include the following journal lines:

A credit to the account of the partner contribution to which the open amount is transferred
A debit to the account of the partner contribution from which the open amount is transferred

To derive the accounts for these journal lines, create a copy of the Partner Contribution Transfer journal entry rule set to use for your configuration. Or you can modify your copy to meet your business needs.

This journal entry rule set includes these predefined journal lines as shown in the following image:

The credit journal line for recording the open amount transfer to the receiving partner contribution, which is assigned the Receiving Partner Contribution Account account rule.
The debit line for recording the open amount transfer from the source partner contribution, which is assigned the From Partner Contribution Account account rule.

This image shows the debit and credit journal line rules for partner contribution transfer journals provided in the example journal entry rule set.

Notice that the Line Description Rule column is assigned a rule in both the lines. This description rule will retrieve and display the following information in the debit and credit lines of each transfer journal entry: joint venture name, stakeholder name, and partner contribution start date of the source and receiving partner contributions.