Overview of the Setup in Oracle Financials to Create Receivables Invoices for Joint Ventures

Before you can configure Oracle Joint Venture Management to manage the distribution of costs among joint venture partners, you must complete the required setup in Oracle Financials. The following table lists the required setup tasks, which is followed by a list of optional setup tasks that you can complete based on your business needs.

Application implementation consultants can perform these tasks.

Required Setup

Task	Link to Task
Set up the partner account for joint venture receivables invoices and credit memos. Note: In Joint Venture Management, the account that’s written in the Revenue accounting class is referred to as the "Partner account." In some industries, it’s referred to as the cutback account.	Set Up Partner Accounts for Joint Venture Receivables Invoices
Set up a profile option that's required by the AutoInvoice process to create receivables credit memos.	Set Up Profile Option to Create Receivables Credit Memos
Derive the default receivable account for joint venture receivables invoices.	Derive the Default Receivable Account
Configure the joint venture invoice transaction types to exclude tax from receivables invoices.	Configure the Joint Venture Transaction Types to Exclude Tax from Receivables Invoices
Set up currency conversion rates and rate types.	Set Up Conversion Rates and Rate Types to Create Invoices in Multiple Currencies
Create accounting entries for an invoice that's fully covered by a partner contribution, resulting in a zero amount invoice.	Create Accounting Entries for Zero Amount Invoice

Optional Setup

Task	Link to Task
Override the receivable account using subledger accounting rules.	Override the Receivable Account Using Subledger Accounting Rules
Configure the joint venture invoice transaction source to populate the invoice cross reference for credit memos.	Populate the Joint Venture Name in Credit Memos
Configure the joint venture transaction type to create credit memos that increase the invoice balance.	Configure the Joint Venture Transaction Type to Create Credit Memos That Increase the Invoice Balance
Configure the joint venture transaction type to create credit memos that exceed the invoice balance.	Configure the Joint Venture Transaction Type to Create Credit Memos That Exceed the Invoice Balance
Set up the AFLOG_LEVEL profile option with the level of detail that you want to include in logs for the process that creates joint venture invoices.	Set Up the Logging Level of Detail for Joint Venture Invoices