1. Using Joint Venture Management
  2. Transfer a Partner Contribution to an Existing Partner Contribution

Transfer a Partner Contribution to an Existing Partner Contribution

Transfer the open amount of a partner contribution to an existing partner contribution.

  1. In the Partner Contributions work area, click the partner contribution ID of the partner contribution that you want to transfer.
  2. Click the Actions menu and select Transfer Contribution.
    Or click Manage in Excel and use the spreadsheet to close multiple partner contributions.
  3. On Transfer Partner Contribution, select Existing for the Transfer Type.
  4. Complete the following fields to identify the partner contribution that will receive the open amount:

    • Joint Venture. Select the joint venture that’s associated with the partner contribution you want to transfer to. Only joint ventures in Active status are displayed in the list.

    • Stakeholder. Select the stakeholder that the partner contribution belongs to.

    • Partner Contribution ID. Identify the partner contribution for the stakeholder by specifying a combination of the partner contribution start date and open amount. The corresponding partner contribution ID is displayed in the field based on your selection.

      The application automatically fills in the details from the selected partner contribution. The Transferred Amount field shows the remaining open amount that will be transferred.

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

    • Create Journal Entry. This is selected by default, which indicates that a journal entry must be created to complete the transfer.

      • If the account on the receiving partner contribution and the source contribution are the same, you can deselect the check box to transfer the partner contribution without recording it in a journal entry.

      • If the account on the receiving partner contribution is different than the account on the source partner contribution, you can’t deselect this checkbox. In this scenario, the transfer must be processed through a journal entry.

      See Create a Journal Entry to Process a Partner Contribution Transfer for more information.

  5. Click Submit.

Results:

A record for the transfer transaction appears in the Transactions tab. If the transfer needs to be processed through a journal entry, the status of the source partner contribution changes to Ready to Transfer.

If the transfer is complete without creating a journal entry, the source partner contribution changes to Transferred status and the open amount is zero.