Specify an Inception Date for a Joint Venture

If you are calculating overhead for a joint venture, you can specify an inception date which can be used by the process to calculate overhead. This date defines when you began processing the joint venture.

You can set up an overhead method to calculate overhead based on general ledger and subledger transactions. You can calculate overhead based on transactions for a particular period, from the beginning of a fiscal year or calendar year to a period, or from the inception date of a joint venture to a period. To calculate overhead from the inception date of a joint venture to a period, you must include an inception date in the joint venture definition.

Access the Basic properties page of your joint venture definition and enter a date in the Inception Date field.