Create Partner Contributions Through a Scheduled Process

Run a process that creates partner contributions based on details you specify within the process.

The process provides the following options:

• Create partner contributions for multiple stakeholders using an ownership definition. The process splits a gross amount and creates a partner contribution for each stakeholder based on their percentages of ownership.

• Create a partner contribution for a single stakeholder by assigning the entire gross amount to the stakeholder.

• Automatically create Receivables invoices for partner contributions.

  You can also create invoices separately, either in a separate process run or by manually associating a Receivables invoice or a journal entry to each partner contribution. See these topics for more information:

  • Create Partner Contribution Invoices Through a Scheduled Process

  • Associate a Manual Receivables Invoice or Journal Entry to a Partner Contribution

Preferred Currency for Creating Partner Contributions

Oracle recommends that you specify a preferred currency to create partner contributions and corresponding receivables invoices, even if it’s the same as the primary ledger currency of the business unit on your joint venture. The process assigns the preferred currency to the gross contribution and creates partner contributions and receivables invoices for stakeholders in the preferred currency.

In the Joint Venture Partner Contributions work area, the partner contribution amount in the preferred currency is displayed in the Entered Contribution Amount field until you invoice the partner contribution. This interim field enables users to find the complete information in the work area when queried before creating partner contribution invoices.

Caution: If you don’t specify a preferred currency, the partner contributions will be created in the primary ledger currency. However, the invoices for these partner contributions might be created in different currencies if an invoice currency override exists for stakeholders in the joint venture definition. This is illustrated in the following example.

Example: The following table shows the setup for three stakeholders, A, B, and C, for whom a joint venture accountant will create partner contributions for. A preferred currency isn’t specified in the process. Stakeholders A and B have invoice currency overrides of CAD and EURO, respectively, while the joint venture's primary ledger currency is USD. In this scenario, the process will create partner contributions in the primary ledger currency (USD) for all three stakeholders. However, partner contribution invoices for stakeholders A and B will be created in their respective currency overrides, CAD and EURO.

Stakeholder	Preferred Currency	Invoice Currency Override	Primary Ledger Currency	Partner Contribution Currency	Invoice Currency
A	None	CAD	USD	USD	CAD
B	None	EURO	USD	USD	EURO
C	None	None	USD	USD	USD

If a preferred currency, such as USD, is specified in the process, then partner contribution invoices for all the stakeholders will be created in USD, regardless of the invoice currency overrides for stakeholders A and B.

Run the Process to Create 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 Create Partner Contributions.

3. For the Contribution Method, specify whether to split the gross contribution amount using an ownership definition or directly assign it to a single stakeholder.

4. 4. Use these fields to select the joint venture that you want to create partner contributions for:

   • Legal Entity. Select a legal entity to filter joint ventures associated with it. If you use this field, make sure the selected legal entity is associated with joint ventures you've access to.

   • Joint Venture. Select the joint venture for which partner contributions will be created. Only joint ventures in Active status will be processed.

5. Complete these required fields:

   • Ownership Definition.

   • Or Direct Billed Stakeholder.

     This field is based on the value you selected in the Contribution Method field. Specify an ownership definition or a direct billed stakeholder.

   • Contribution Start Date. Enter a date that will be assigned as the start date of the partner contribution. This date will also be used to identify the ownership definition to calculate the split.

   • Gross Contribution. Enter the requested gross amount that will be split among the stakeholders defined in the ownership definition or assigned to a direct billed stakeholder. The gross contribution is assigned the preferred currency if specified, otherwise it’s in the ledger currency of the business unit associated with your joint venture.

   • Joint Venture Partner Contribution Account. Enter the default liability account that will be used to record invoice amounts in Receivables when creating invoices for partner contributions.

6. Complete these fields as needed:

   • Preferred Currency. Enter the currency to use in creating partner contributions and receivables invoices for stakeholders.

     Note: Oracle recommends that you complete this field even if the preferred currency is the same as the primary ledger currency. If you leave this field blank, the process might create invoices in different currencies if an invoice currency override exists for stakeholders in the joint venture definition.

   • Create Invoices. Specify whether to automatically create invoices for the partner contributions created in the current run of the process.

     If you choose to create invoices, the following fields appear:

     • Invoice Date. Enter a date to use as the invoice date on partner contribution invoices. If you leave this field blank, the current date will be used.

     • Accounting Date. Enter a date to use as the general ledger date in Oracle Receivables for partner contribution invoices. If you leave this field blank, the last day of the current open period will be used.

     • Conversion Date. Choose invoice date or system date to select the currency conversion rate to use when creating invoices in a currency that’s different from the primary ledger currency. If you leave this field blank, the system date will be used as the default.

   • Contribution Description. Enter a description for the partner contributions that will be created in the current run. If you leave this field blank, the process will assign a default description with the joint venture name appended to AUTOMATIC PARTNER CONTRIBUTIONS.

7. 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.