Derive the Default Receivable Account

Define AutoAccounting rules for the receivable account class using the joint venture invoice transaction type "JV Invoice."

AutoAccounting derives the default accounting for each transaction accounting event in Oracle Receivables according to your setup. Receivables creates subledger accounting entries for all your joint venture receivables invoices using the default receivable account derived from AutoAccounting rules.

For more information, see AutoAccounting Account Types and Segment Values.

Override the Default Receivable Account

For your setup, you might need to override the default receivable account for the following scenarios:

• You want to define the receivable account at the joint venture level.

  In this case, when setting up a joint venture definition for a joint venture, you can specify the receivable account to use as the override. See Specify a Receivable Account for Joint Venture Receivables Invoices.

• You have additional requirements to ensure accurate accounting.

  In this case, you can set up subledger accounting rules to override the default receivable account. See Override the Receivable Account Using Subledger Accounting Rules.

If you set up an account override in both the joint venture definition and subledger accounting rules, the account specified in the subledger accounting rules will be used for the joint venture receivables invoice.