Partner Contributions for Nonoperated Joint Ventures

If you're a partner in a joint venture you don’t operate, you pay the partner contributions requested by the managing partner (operator). You (nonoperator) can record the partner contribution you paid to the managing partner in Oracle Joint Venture Management and verify the amount drawn against your cost distributions.

To do so, you must perform the following tasks:

1. Create a partner contribution with the requested amount.

   See Manually Create Partner Contributions.

2. Create a manual payables invoice or journal entry to pay the requested amount to the operator.

   See Associate the Invoice or Journal Entry to the Partner Contribution.

3. Set a partner contribution to Available to Draw.

4. Draw from the partner contribution to cover your cost distributions.

   See Run the Process to Draw from Partner Contributions.

Additionally, you can record any additional amount that you pay when the initial contribution amount is depleted. To do so, you must perform the following tasks:

1. Create a manual payables invoice or journal entry to pay the additional amount requested by the operator.

2. In the partner contribution, add a transaction record for the additional amount. Enter the details of the payables invoice or journal entry in the record.

   See Add an Additional Amount to a Partner Contribution with a Manual Transaction.