Correcting Issues with Creating Joint Venture Invoices

You might not be able to create invoices for some distributions included in your scheduled run of the Create Joint Venture Invoices and Journal Entries process. This might be due to incomplete or incorrect setup required to create invoices.

Incorrect or Incomplete Customer or Supplier Data

• Payment terms aren't set up for the customer for whom the receivables invoice is created.

• Bill-to site isn’t set up for the customer for whom the receivables invoice is created.

• Supplier site isn’t set up for the supplier for whom the payables invoice is created.

Oracle Joint Venture Management requires a customer bill-to site to create receivables invoices and a supplier site to create payables invoices. This information is specified as part of the setup of invoicing partners, in which these details are selected from the Customer Site and Supplier Site drop-down lists. If these fields are blank, the invoicing process will use the primary site of the supplier when creating payables invoices and the primary site of the customer when creating receivables invoices. If the primary sites aren’t available for the supplier and customer, the invoice creation ends in error.

Incorrect or Incomplete Invoicing Partner Data

• Bill-to site isn’t specified for the customer in the Invoicing Partners page and the primary bill-to site isn’t available for the customer.

• Supplier site isn’t specified for the supplier in the Invoicing Partners page and the primary supplier site isn’t available for the supplier.

Incorrect or Incomplete Invoice Distributions Setup

• Incorrect or incomplete account is used as the partner account in the Revenue accounting class of the receivables invoice and in the Item Expense accounting class of the payables invoice.

  Oracle Fusion Cloud Financials records receivables and payables invoices in the original account of the transaction the joint venture distribution came from. To prevent invoice and journal transactions generated by Joint Venture Management from being identified and processed by Joint Venture Management again, you must perform one of these configurations:

  • Enable the "Exclude joint venture transactions" option in your joint venture definition.

    See Exclude Joint Venture Invoices and Journals from Oracle Joint Venture Management Processing for more information.

  • Override a segment of the partner account with an account that isn't identified as distributable in your joint venture definition.

    For more information, see Set Up Partner Accounts for Joint Venture Receivables Invoices and Set Up Partner Accounts for Joint Venture Payables Invoices.