Cancel an Additional Amount with a Manual Transaction

Use this method to cancel an additional amount that was invoiced to a partner using a manual invoice or journal entry.

Note: Before you perform this task to cancel an additional amount, create a manual credit memo or reversing journal entry for that amount outside of Oracle Joint Venture Management. You then associate the manual transaction with the partner contribution in this task.

1. In the Partner Contributions work area, click the partner contribution ID of the partner contribution that has the additional amount transaction you want to cancel.
2. In the Transactions tab, select the additional amount transaction and click Cancel Transaction.
3. On Cancel Partner Contribution Transaction, complete the following fields:
   • Transaction Number. Enter the transaction number on the manual transaction that you created to reverse the additional amount transaction.
   • Transaction Date. Enter the transaction date on the manual transaction. By default, the current date is used.
   • Transaction Reason. Enter a reason for canceling the transaction.
   • Cancel Date. Enter the date that you want to use as the cancellation date. By default, the current date is used.
4. Click Save.

Results:

A record for the cancel transaction appears in the Transactions tab with a transaction status of Process Complete. The partner contribution open amount is reduced with the deduction of the additional amount.