1. Using Joint Venture Management
  2. Run the Process to Create a Transfer Journal Entry

Run the Process to Create a Transfer Journal Entry

The process includes only those partner contributions that are in “Ready to Transfer” status.

Note: Before you perform this task, an application implementation consultant must set up subledger accounting to derive the partner contribution accounts for the journal lines that will be created to account the transfer. See Derive Partner Contribution Accounts for Journal Entries Created to Transfer Partner Contributions.
  1. From the Home page, select Joint Venture Management, and then select Process Joint Venture Partner Contributions from the Quick Actions list.
  2. For the Processing Mode, select Process Partner Contribution Transactions.
  3. For the Process Type, select Transfer. You can use the default value “All” to process all partner contributions that are eligible to be transferred, closed, and canceled.
  4. Use the following fields to determine the partner contributions to process, or leave them blank if you want to process partner contributions for all your joint ventures:
    • Business Unit. Select a business unit to process partner contributions for all the joint ventures associated with the business unit.
    • Legal Entity. Use this field to process partner contributions 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.
  5. Joint Venture. Use this field to select partner contributions 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.
  6. Select a stakeholder or leave this field blank to run the process over all stakeholders.
  7. 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 the journal entries. If you leave this field blank, the system date will be used.
  8. 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 source partner contribution changes to “Accounting in Progress” status. The transfer will be complete only after you run these processes: