Run the process to send partner contribution cancel transactions to Receivables in
preparation for the creation of credit memos. The process includes only those transactions
that are in Ready to Cancel status.
Note: Before you run this process, make sure you have posted the
partner contribution invoice that the credit memo is being created for. Also, an
application implementation consultant must set up the AR_USE_INV_ACCT_FOR_CM_FLAG
profile option with at least one profile value. See
Determine Whether You Need to Derive Accounts for Credit Memos for
more information.
-
From the Home page, select Joint Venture Management, and then select Process
Joint Venture Partner Contributions from the Quick Actions list.
-
For the Processing Mode, select Process Partner Contribution
Transactions.
-
For the Process Type, select Cancel.
-
Use the following fields to determine the cancel transactions to process, or
leave them blank if you want to process for all your joint ventures:
- Business Unit. Select a business unit to process cancel transactions for
all the joint ventures associated with the business unit.
- Legal Entity. Use this field to process cancel transactions for joint
ventures that are associated with a particular legal entity.
Caution: The drop-down list includes all
legal entities that are associated with joint ventures; this can
include legal entities that you don't have access to. If you select
a legal entity that you don’t have access to, no records will be
processed.
- Joint Venture. Use this field to select cancel transactions for a
particular joint venture. If you selected a legal entity, the drop-down
list includes only the joint ventures associated with the legal
entity.
Only joint ventures in Active status will be
processed.
-
Select a stakeholder or leave this field blank to run the process over all
stakeholders.
-
Specify default values for the following dates:
- Contribution Start Date. Enter a date to run this process over all the
partner contributions that have this contribution start date. If you
leave this field blank, the current date is used.
- Accounting Date. Enter a date to use as the general ledger date in
Oracle Receivables when joint venture credit memos are created for the
selected cancel transactions. If you leave this field blank, the process
assigns the last day of the current open period.
-
Click Submit.
After the process completes, you can review the processing details in a
report. To access the report, click the Process Details tab, select the “…more”
link next to Attachment, and then click the .txt file.
Results:
In the Partner Contributions work area, the status of the
cancel transactions changes to “Credit Memo in Progress.”