Enter Closure Details

1. In the Partner Contributions work area, click the partner contribution ID of the partner contribution that you want to close.
2. Click the Actions menu and select Close Contribution.
   Or click Manage in Excel and use the spreadsheet to close multiple partner contributions.
3. On Close Partner Contribution, leave the Transaction Number field blank and complete the other fields:

   • Transaction Date. Enter a date to use as the transaction date for the payables invoice or journal entry that you'll create for the refund amount. By default, the current date is used.

   • Close Type. Select whether to close the partner contribution using an AP invoice or a journal entry.

   • Close Date. Enter the date that you want to use as the close date. By default, the current date is used.

   • Transaction Reason. Enter a reason for closing the partner contribution.

   • Agreement Default Charge. If the terms in the joint operating agreement include a charge for closing a partner contribution, enter the amount of the charge. This amount will be deducted from the refund amount.

   • Agreement Default Charge Account. If you entered an agreement default charge, you must identify the account to record this amount.

     Click the field and select each segment value to identify the account, or use the search filters to identify the account.

4. Click Submit.