A recent JD Edwards video walked through how to process distributed transactions in JD Edwards. This video aimed to help users understand:
- How to process distributed transactions
- Draw from cash calls or bill partners for distributed expenses
- Pay partners for distributed revenue
- Revise distribution documents after distributing expenses and revenue
How to Process Distributed Transactions
After distributing the expenses and revenue in the JD Edwards EnterpriseOne system, the managing partner must process the distributed transactions to recover expenses from the partners and to pay the partners a share of the revenue. Depending on how you manage the cash flow of your joint venture, you draw from cash calls and/or bill partners for the joint venture expenses.
How to Draw from Cash Calls or Bill Partners
To draw on cash calls, use the Assign, Draw, and Create JEs for Cash Calls program (R09J620). Set up the processing options and the data selection for the program as required. For example, you can specify a service/tax date that will be used to select distributed transactions and cash calls. If the service/tax date is February 29, 2016, the system will select all unprocessed distributed transactions that have a service/tax date earlier than or equal to that date. Also, the system will select the cash calls that have an effective date that is earlier than or equal to this date.
When you run this program, the system assigns the cash calls to the distributed expenses. Exclusive cash calls are assigned first. For each cash call applied, the process creates a journal entry to draw in the cash calls.
To bill the partners for other distributed expenses, you can create invoices for each partner using the Create JV Invoice Transactions program (R09J406).
How to Pay Partners for Distributed Revenue
To pay the partners for the distributed revenue, you can create vouchers using the Create JV Voucher Transactions program (R09J407). You can process the insider business unites share of the expenses and revenue through journal entries. Create the journal entries by using the Create JV Journal Entry Transactions program (R09J404). Set up the processing options and data selection for the programs as required. For example, you can specify a service/tax date that will be used for selecting unprocessed distributed transactions to create invoices, vouchers, or journal entries. Then, you will run the program. The system processes the selected distribution records and creates joint venture journal entries, invoices, and vouchers.
How to Revise Distribution Documents
You can revise the distribution documents and the transactions included in the documents if needed. For example, you can reverse transactions that were included in a joint venture document, or you can void the entire document. Once the transaction is reversed, it is available to be redistributed to another partner or deleted to be reprocessed. To update and redistribute the transaction, use the redistribution transaction that was created as a result of the reversal process. The redistribution transaction has the transaction status “Available to Redistribute.”
You can make the necessary changes to the redistribution transaction. For example, you can reassign the transaction to a different partner or change the transaction status. Then, you can reprocess the redistribution transaction in a new joint venture document.
To learn more about how to process distributed transactions in JD Edwards, check out the video below or visit the “Processing and Managing the Distributed Transactions” set of task-based tutorials in the “Creating and Managing Joint Ventures in JD Edwards EnterpriseOne” learning path on www.learnjde.com.
COLLABORATE 20 will take place April 19-23, 2020 at the Mandalay Bay Resort and Casino in Las Vegas, Nevada! Don’t miss this chance to share inspiration, insights, and solutions with your peers, vendors, and the Oracle team! Register before April 15, 2020, to take advantage of Advanced pricing.
If you’re looking for more JD Edwards content, join us next year at INFOCUS 20, the premier deep-dive JD Edwards focused event of the year! The event will take place August 25-27, 2020 in Denver, Colorado. Keep an eye out for more information on this event!