Assign an Account Set to Identify Accounts as Distribution Only

You can set up an account set to identify the distribution only accounts for a joint venture. See Create an Account Set for a Joint Venture Definition for more information.

After setting up the account set, access the Account information page for your joint venture definition and select the account set from the "Account Set for Distribution Only Accounts" drop-down list.

The Identify Joint Venture Transactions process uses the account set to identify transactions for distribution only. The Create Joint Venture Distributions process then splits transactions identified as “Distribution Only” to create distributions with a status of “Process complete.” This status indicates that the distributions can’t be processed further. They are generated for reporting purposes only and can’t be invoiced.