Before You Can Process Joint Venture Overhead

You must set up one or more overhead methods for each joint venture for which you want to process overhead. See About Overhead Methods for more information.

For an overhead method that’s set up to calculate overhead based on costs incurred by the joint venture, you must process the overhead method in this order:

• After distributions for the joint venture have been generated

• And before invoices are generated for the distributions

  For this type of overhead method, the Process Joint Venture Overhead process uses transaction amounts for distributed transactions that haven't been invoiced as the basis for the overhead calculation. Only distributions with a status of “Available to process” are used in the calculation of overhead.

If you’ve assigned a periodic adjustment factor to an overhead method, make sure that you’ve run the process to adjust the percentage, rate, or fixed amount in the overhead method according to the values in the periodic adjustment factor. See the next task for details.