FAQs About Joint Venture Transactions

Why are there transactions that I don't want distributed in the Transactions work area?

The joint venture definition might have been set up incorrectly. If there are transactions that were falsely identified for processing, you can review the details of the transactions in the Joint Venture Transactions work area. The details include information about the account in which they originate. You can use this information to correct the joint venture definition and help ensure the correct transactions are identified and distributed.

If the transactions were already distributed, you can delete the distributions and remove their associated joint venture transactions from the Distributions and Transactions work areas respectively. You can then update the joint venture definition as needed to correct the issue. For example, you might need to add a new stakeholder or adjust the stakeholder percentages in the ownership definition, or identify another account that contains transactions to distribute. After revising the joint venture definition, you can rerun the processes to identify and distribute the transactions again.

For more information about possible scenarios in which you would need to reprocess transactions, see Correcting Issues with Joint Venture Transactions and Distributions.

What's the difference between joint venture transactions and joint venture source transactions?

You can set up Joint Venture Management to process transactions from three sources: subledger accounting, general ledger, and joint venture source transactions. Joint venture source transactions are transactions that originate from Joint Venture Management, such as transactions generated by Joint Venture Management from the calculation of overhead. They're simply another source of transactions that can be identified for processing and distributed to partners. All transactions identified for processing by Joint Venture Management are referred to as joint venture transactions.