Create and Post Stakeholder Reporting Journals

Create and post stakeholder reporting journals to stakeholder reporting ledgers in the General Ledger.

The following illustration and the details that follow describe the processes that you must run before you can create stakeholder reporting journals for stakeholder reporting:

Process	Results
Identify Joint Venture Transactions	This process identifies the following transactions: New joint venture costs, revenue, overhead, and manual transactions It also identifies transactions created by Joint Venture Management or transactions associated with them: Partner contribution invoices. Credit and debit memos for reversed distributions Follow-on transactions including receipts for payments received from stakeholders and payments made against accounts payable invoices to pay stakeholders for their share of revenue In the Joint Venture Transactions work area, you can identify these transactions by the following attributes: Created by Joint Venture Distribution Only Direct billed to the stakeholder on the source transaction
Create Joint Venture Distributions	This process creates distributions for transactions identified by the preceding process.
Create Joint Venture Invoices and Journal Entries (and process the accounting)	The Create Joint Venture Invoices process includes modes for creating invoices and internal transfer journals. You can then process the accounting for each.

Process

Results

Identify Joint Venture Transactions

This process identifies the following transactions:

New joint venture costs, revenue, overhead, and manual transactions

It also identifies transactions created by Joint Venture Management or transactions associated with them:

Partner contribution invoices.
Credit and debit memos for reversed distributions
Follow-on transactions including receipts for payments received from stakeholders and payments made against accounts payable invoices to pay stakeholders for their share of revenue
In the Joint Venture Transactions work area, you can identify these transactions by the following attributes:
- Created by Joint Venture
- Distribution Only
  
  Direct billed to the stakeholder on the source transaction

Create Joint Venture Distributions

This process creates distributions for transactions identified by the preceding process.

Create Joint Venture Invoices and Journal Entries (and process the accounting)

The Create Joint Venture Invoices process includes modes for creating invoices and internal transfer journals. You can then process the accounting for each.

This initial processing generates transactions from the accounting of joint venture invoices and internal transfer journals. These transactions must be processed by Joint Venture Management to create stakeholder reporting journals for posting to a stakeholder reporting ledger in the General Ledger.

The following illustration and the details that follow describe the processes for creating and posting stakeholder reporting journals. You can run these processes as part of your month-end or period-close activities.

Process	Results
Identify Joint Venture Transactions	This process identifies the following transactions processed by or created from Joint Venture Management: Transactions for the accounting of invoices and internal transfer journals created from joint venture distributions In the Joint Venture Transactions work area, you can identify these transactions by the following attributes: Created by Joint Venture Distribution Only Direct billed to the stakeholder on the source transaction
Create Joint Venture Distributions	This process creates distributions for each transaction identified by the preceding process.
Create Stakeholder Reporting Journals and Process the Accounting	You run the Create Joint Venture Invoices and Journal Entries in the “Create Stakeholder Reporting Journals” process mode. This process creates stakeholder reporting journals for distributions whose stakeholder reporting status is Available to Process. After the process is run, the stakeholder reporting status changes to Accounting in Progress. Next, you run the Create Accounting for Joint Ventures process with “Stakeholder Reporting” for the process category. This creates accounting entries for stakeholder reporting journals in the stakeholder reporting ledger. Lastly, you run the Create Joint Venture Invoices and Journal Entries process in the “Update Accounting for Journals” process mode. This process updates the stakeholder reporting status of distributions to Process Complete and updates the accounting header on the distribution details page to Final Accounted.

Process

Results

Identify Joint Venture Transactions

This process identifies the following transactions processed by or created from Joint Venture Management:

Transactions for the accounting of invoices and internal transfer journals created from joint venture distributions

In the Joint Venture Transactions work area, you can identify these transactions by the following attributes:

Created by Joint Venture
Distribution Only

Direct billed to the stakeholder on the source transaction

Create Joint Venture Distributions

This process creates distributions for each transaction identified by the preceding process.

Create Stakeholder Reporting Journals and Process the Accounting

You run the Create Joint Venture Invoices and Journal Entries in the “Create Stakeholder Reporting Journals” process mode. This process creates stakeholder reporting journals for distributions whose stakeholder reporting status is Available to Process. After the process is run, the stakeholder reporting status changes to Accounting in Progress.

Next, you run the Create Accounting for Joint Ventures process with “Stakeholder Reporting” for the process category. This creates accounting entries for stakeholder reporting journals in the stakeholder reporting ledger.

Lastly, you run the Create Joint Venture Invoices and Journal Entries process in the “Update Accounting for Journals” process mode. This process updates the stakeholder reporting status of distributions to Process Complete and updates the accounting header on the distribution details page to Final Accounted.

In the Joint Venture Distributions work area, you can find stakeholder reporting information for processed distributions on the distribution details page. The “Stakeholder reporting book information” on this page shows the stakeholder reporting ledger, accounting header ID, date, and status.