Draw from Partner Contributions

The Process Joint Venture Partner Contributions – Assign and Draw Partner Contributions mode checks for cost-related distributions for a specified joint venture and stakeholder. It then draws from the open amount in partner contributions set up for the stakeholder to pay for the amounts in the stakeholder’s distributions.

Each distribution covered by a partner contribution is updated with the ID of the partner contribution. This enables you to search for and review distributions paid with partner contributions in the Joint Venture Distributions work area.

If the open amount in a partner contribution for a stakeholder doesn’t cover the amount in a distribution, the distribution is split into two separate distributions:

• A distribution with the amount covered by the open amount in the partner contribution.

• A distribution with the remaining amount to be invoiced when the Create Joint Venture Invoices process is run. However, if there is another partner contribution available for the partner, the open amount in the partner contribution is applied to the distribution.

Note: Invoices created for cost distributions paid in part or in full by partner contributions include a credit line with the partner contribution amount. The invoice could result in a zero balance or with an amount to be recouped from the partner. If the distributed costs for internal stakeholders are covered by partner contributions, the internal transfer journals include additional lines to account for the partner contribution amount. Make sure to run the process to draw from partner contributions before you run the “Create Joint Venture Invoices and Journal Entries” process to create receivables invoices and internal transfer journals. This helps to ensure that a stakeholder receives a remaining balance in an invoice only after their partner contributions have been depleted.

Perform the following steps to run the process:

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 Assign and Draw Partner Contributions.

3. In the Basic Options section, you have two options:

   • Run the process for a particular joint venture and stakeholder that has a partner contribution associated with it.

   • Leave the fields blank to run the process over all joint ventures and stakeholders. The process draws from any stakeholders that have partner contributions set to “Available to draw.”

   If data security is enabled, the drop-down lists for Joint Venture and Stakeholder display only the values associated with the business units you are authorized to manage. If you leave these fields blank, the process draws only from the joint ventures you can manage.

4. Click Submit.

5. When the process completes, click OK in the confirmation.

6. Click the log file in the Log and Output section to view the details about the draw, including:

   • The open amount before the draw.

   • The contribution amounts applied to distributions.

   • Other details, including information about any issues the process might have encountered.