1. Implementing Joint Venture Management
  2. Prerequisite for Setting Up Carried Interest Agreements

Prerequisite for Setting Up Carried Interest Agreements

Before you can set up carried interest agreements, you must opt in to the Carried Interest Configuration and Tracking feature in Functional Setup Manager (FSM).

Application implementation consultants can perform this task.

To opt in to the feature:

  1. Navigate to Setup and Maintenance and select the Financials offering.
  2. Click Actions and select Go to Offerings.
  3. Make sure that Financials is highlighted and then click Opt In Features.
  4. Scroll down to Joint Venture Management, and then click Features (pencil) in the features column.
  5. On Edit Features: Joint Venture Management, click the Enable check box for Carried Interest Configuration and Tracking.
  6. Click Done.

If you plan to create carried interest journals for consenting stakeholders, you must set up the Joint Venture subledger accordingly. See Set Up the Joint Venture Subledger for Carried Interest Journals for more information.