FAQs When Creating Joint Venture Payables Invoices

I've invoiced the partners for a revenue transaction generated by the joint venture. Why has this transaction circled back into Oracle Joint Venture Management and invoiced again?

Check if you've used a distributable account as the partner account to create your joint venture payables invoices. Accounts set up as distributable for your joint venture will identify corresponding revenue transactions for joint venture processing regardless of whether a transaction was already processed and invoiced to the partners.

To prevent invoice and journal transactions generated by Joint Venture Management from being identified and processed by Joint Venture Management again, you must perform one of these configurations:

• Override at least one segment value of the expense account with an account that isn't identified as distributable in your joint venture definition.

  See Set Up Partner Accounts for Joint Venture Payables Invoices for more information.

• Enable the "Exclude joint venture transactions" option in your joint venture definition.

  See Exclude Joint Venture Invoices and Journals from Oracle Joint Venture Management Processing for more information.

Why can't I create invoices for joint venture distributions that originated from transactions with Liability account type?

You can create invoices only for joint venture distributions that originated from transactions of account type Assets, Expense, and Revenue. The "Identify Joint Venture Transactions" process marks the transactions of other account types (for example, Liability) as "Distribution Only" when these are identified as joint venture transactions. The distributions created from these transactions are marked as "Distribution Only" and can't be invoiced.

Can I manually override accounts for joint venture invoices in Receivables or Payables?

You should not override accounts for joint venture invoices in Receivables or Payables. If you do, the account overrides won’t be reflected in the joint venture distributions.

If you’ve used incorrect accounts to create invoices and your invoices aren’t posted yet, you can set up subledger accounting rules to override the accounts during posting. If you’ve posted your invoices, you must perform the joint venture reversal process to cancel the invoices through credit memos or debit memos. You can then update the accounts in your joint venture definition and process the transactions to create joint venture invoices using the correct accounts.