Close a Partner Contribution by Creating a Transaction Through Scheduled Processes

To close a partner contribution by creating a transaction through scheduled processes, you first enter closure details to create a close transaction for the refund amount. You then run the process to create a payables invoice or journal entry from the close transaction.

The following table describes the work area and the processes that you must use to close a partner contribution:

Work Area/Process	Description	Link to Steps
Partner Contributions work area or Manage in Excel spreadsheet	A joint venture accountant enters closure details to create a close transaction for the refund amount.	Enter Closure Details
Process Joint Venture Partner Contributions – Process Partner Contribution Transactions	A joint venture accountant runs this process to create either a payables invoice or a journal entry using information from the close transaction.	Create a Payables Invoice or Journal Entry for the Refund Amount
Create Accounting	A user with the General Accounting Manager role (ORA_GL_GENERAL_ACCOUNTING_MANAGER_JOB) runs this process to create accounting entries for invoices and journals.	Create Accounting
Post Subledger Journal Entries	An accounts payable manager runs this process or uses any of the post applications to post the invoices and journals to Oracle Fusion General Ledger. Skip this step if the Create Accounting process was set up to automatically post to General Ledger.	Post Subledger Transactions to the General Ledger
Process Joint Venture Partner Contributions - Update Accounting for Contribution Journals	This process is applicable only for partner contribution journal entries. A joint venture accountant runs this process to update the accounting for posted journal entries.	Update Accounting for Partner Contribution Journals