1. Using Joint Venture Management
  2. Create the Credit Memo

Create the Credit Memo

You must be an accounts receivable specialist with the Billing Management duty to run the Import AutoInvoice process to create credit memos.

Note: : Before you run this process, an application implementation consultant must configure the transaction source for joint venture invoices to populate the joint venture name in the credit memo header. See Set Up the Oracle Joint Venture Transactions Source to Populate the Joint Venture Name in Credit Memos.
  1. Open Scheduled Processes and click Schedule New Process.
  2. On the Schedule New Process dialog box, select Job as the Type.
  3. In the Name field, enter Import AutoInvoice, press Enter, and then click OK.
  4. Complete the following required fields:
    • Business Unit. Select your joint venture business unit from the drop-down list. The process will create credit memos for partner contribution cancel transactions associated with this business unit.
    • Transaction Source. Search for and select "Oracle Joint Ventures" from the drop-down list. This is the predefined transaction source for joint venture receivables invoice and credit memo. The process will select only those cancel transactions that are associated with this transaction source.
    • Default Date. This is the accounting date to apply to credit memos. You can’t run this process without entering a date in this field. However, this date will be ignored for joint venture credit memos and the accounting date that was entered in the “Process Partner Contribution Transactions” process will be used instead. If you didn’t specify an accounting date in that process, the last day of the current open period will be used.
  5. Specify values in the other fields as needed to filter cancel transactions that you want to process.
  6. Click Submit.

Results:

In the Partner Contributions work area, the cancel transaction remains in “Credit Memo in Progress” status. The cancellation will be complete only after you run these processes: