Setting Up Distribution Ledger Records

To set up distribution ledger records:

1. From the Joint Venture Management module (G09J), click Joint Venture Setup, and then Distribution Ledger Types.

2. On the Revise Distribution Ledgers form, search for and review existing records of distribution ledgers.

3. To set up a new record, enter values in the following fields on the last empty row on the form.

   • Source Ledger Type

     This is the ledger type that you have used to load general ledger transactions to the Joint Venture Management system. The system will retrieve distributed transactions that are associated with this source ledger type.

   • Non-Managing Ledger Type

     This is the ledger type to which the system will assign the distributed transactions for non-managing partners. The ledger type that you enter must not already be used on a distribution ledger record.

   • Non-Managing Ledger Reverse Sign

     If you select this option, the system reverses the sign on the total distributed amount for the non-managing partners. For example, when the total distributed amount on the source ledger type has a positive value, the distributed amount on the non-managing ledger type will have a negative value. This enables you to perform mathematical calculation to get the managing business unit's share for the purpose of financial reporting when you have not defined a managing ledger type.

     You can choose not to use this option by defining a managing ledger type so that the system can automatically calculate the managing business unit's share.

   • Managing Ledger Type

     This is the ledger type to which the system will assign the distributed transactions for the managing business unit. The ledger type that you enter must not already be used on a distribution ledger record.

   • Managing Ledger Reverse Sign

     If you select this option, the system reverses the sign on the total distributed amount for the managing business unit. For example, when the total distributed amount on the source ledger type has a positive value, the distributed amount on the managing ledger type will have a negative value. This enables you to perform mathematical calculation to get the non-managing partners' share for the purpose of financial reporting when you have not defined a non-managing ledger type.

     You can choose not to use this option by defining a non-managing ledger type so that the system can automatically calculate the non-managing partners' share.

4. To set up another distribution ledger record, enter values in the fields on the next empty row on the form.

   You can define as many distribution ledger records as your business requires. Note that you must enter unique values in these fields: Source Ledger Type, Managing Ledger Type, and Non-Managing Ledger Type.