Prerequisite for Setting Up Carried Interest Agreements

Before you can set up carried interest agreements, you must enable the carried interest option in the Joint Venture System Options.

Joint venture application administrators can perform this task.

To enable the carried interest feature:

1. In the Functional Setup Manager, select the Joint Venture Management functional area under the Financials offering.
2. Click the Manage Joint Venture System Options task.
3. In the “Carried interest” section, click the Enable option.

If you plan to create carried interest journals for consenting stakeholders, you must set up the Joint Venture subledger accordingly. See Set Up the Joint Venture Subledger for Carried Interest Journals for more information.