This release marks a significant milestone with support for the management of cash calls.
With this functionality, JD Edwards now supports the complete joint venture process for
managing partners of joint ventures.
Cash calls enable a managing partner to request funds from partners to meet operating
costs of the joint venture and draw against each partner's contributions for their share
of costs. This functionality also enables a managing partner to invoice partners for
requested funds, transfer cash call open amounts to other cash calls, and refund the
remaining amount of a cash call to partners.
JD Edwards Joint Venture Management enables managing partners of a joint venture to:
- Define joint ventures
- Specify date-effective percentages of ownership
- Calculate overhead charges
- Allocate indirect costs to the joint venture
- Calculate each joint venture partner's pro rata
share of cost and revenue
- Manage cash calls
- Pay or bill partners for their share of expenses
and revenue
- Provide financial reports for the joint venture
In addition, Joint Venture Management enables a managing partner to provide all partners
with critical management oversight, including traceability and auditability of all
transactions and distributed amounts related to each joint venture.
Review the Creating and Managing Joint Ventures in JD Edwards EnterpriseOne
learning path to learn more about Cash Calls.
Learn more about Joint Venture Management, on the Financial
Management: Joint Venture Management page on LearnJDE.