Derive Cost Recovery or Revenue Accounts for Carried Interest Journals for Overhead

For carried interest journals with overhead charges, instead of a cutback account, you need to account for overhead amounts in a separate cost recovery or revenue account, depending upon your business needs.

To derive the accounts, perform the same tasks that you would to derive a cutback account. When you set up a mapping set, map the following carried interest distribution types from carried interest journals to the cost recovery or revenue account:

• Carried interest distribution type F (Fees and other charges)
• Carried interest distribution type O (Overhead)