Prerequisites to Setting Up Partner Contributions

Before you can set up partner contributions, an application implementation consultant must perform the following setup tasks:

• Enable the creation of accounting entries for invoices that are fully covered by partner contributions.

  See Create Accounting Entries for Zero Amount Invoice for more information.

• Derive liability accounts for joint venture invoices with partner contribution credits.

  See Derive the Liability Account for Partner Contribution Invoice Lines in Joint Venture Invoices for more information.

• Set up currency conversion rates and rate types to use when creating partner contribution invoices in a currency that’s different than the primary ledger currency.

  See Set Up Conversion Rates and Rate Types to Create Invoices in Multiple Currencies for more information.

• If the distributed costs for an internal stakeholder are covered by partner contributions, you must derive the partner contribution accounts for the internal stakeholder.

  See Derive Partner Contribution Accounts for Internal Transfer Journals for more information.