Update Accounting for Partner Contribution Journals

Run the process that updates the accounting information of the journal entries to the partner contributions. The process includes only those partner contributions that are in “Accounting in Progress” status.

Important: Before you perform this task, make sure you've run the Create Accounting process and posted the journals to the General Ledger.

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 Update Accounting for Contribution Journals.
3. 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:

   • 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.

   • 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.

4. 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.