Defining Cash Calls
You use the Cash Call Definition program (P09J40) to define the terms of the cash calls. At a minimum, you must include the partner to collect the cash from, the amount to be collected, the joint venture associated with the cash call, and the effective date of the cash call. To define a cash call for a specific purpose within the joint venture, you can add additional terms, such as the parent business unit and business unit that the cash will be used for, the accounts associated with the type of expenses for which the cash will be used, and so on.
Later in the process, when you draw on the cash calls, the system uses the joint venture business unit hierarchy to determine which cash calls to draw from. As in the case of DOI and overhead rules assignments, the system assigns the cash calls to the distributed expenses starting with the most specific (business unit) to the least specific (joint venture and partner).
Exclusive Cash Call
You can use a cash call exclusively for a parent business unit or a business unit within a joint venture. For example, when you define a cash call specific to a parent business unit and you make the cash call exclusive, the system will use only this cash call to draw cash for the parent business unit and all its business units defined in the joint venture hierarchy. The system will not use other cash calls defined in the hierarchy even when cash is depleted from this cash call. Also, the system will not draw on this cash call for other parent business units even after the project is complete and there is cash remaining in the cash call.
The system saves the cash call definition records in the Cash Call Definition table (F09J40).
Multiple Currency Capability (Release 9.2 Update)
The P09J40 program enables you to create cash call definitions in currencies other than the domestic currency of the managing company of the joint venture. Multiple cash calls can be created for a partner with the same effective date and different foreign currencies. The cash call invoice is generated in the associated foreign currency specified in the cash call definition, enabling partner payment in the same currency.
System Flexibility when Defining Multiple Cash Calls
The P09J40 program provides you the flexibility to add multiple cash call records in succession without leaving the form. Also, you can set up the program to populate common information when you define cash calls in succession. You can apply the same setup to ease data entry when you add new cash calls and when you transfer amounts from an existing cash call to a new cash call.
