Create a Periodic Adjustment Factor

You must be a user with the joint venture application administrator or joint venture accountant role to set up periodic adjustment factors.

You can also use a spreadsheet to create and update periodic adjustment factors.

1. Navigate to Setup and Maintenance and select the Joint Venture Management functional area under the Financials offering.
2. Select the Manage Joint Venture Periodic Adjustment Factors task.
3. On Periodic Adjustment Factors, click Add.

   Or click Manage in Excel and use the spreadsheet to add multiple periodic adjustment factors. The spreadsheet contains instructions on how to complete the columns, which reflect the fields in the user interface and include a list of values for fields where applicable.

4. On New Periodic Adjustment Factor, enter a name and description.

   The default status is Editing. When you complete the setup and are ready to assign the periodic adjustment factor to an overhead method, you must change the status to Active.

5. Click Save.

   The application displays the Factor Values area for adding adjustments to the periodic adjustment factor.

6. Click Add and enter a start date and a percentage for the adjustment value.

   The application rounds the percentage to 6 decimal places.

7. At the end of the row, click Submit.

   The Applied column is view only. It indicates that the adjustment value was used to adjust the percentage or rate in an overhead method. This occurs after you assign the periodic adjustment factor to the overhead method and run the process to adjust the overhead method percentage, rate, or fixed amount according to the periodic adjustment factor.

8. Add additional adjustments as needed.

   You can use the buttons at the end of each row to edit or delete values.

9. Click Save.