Update Account Information

You can make the following updates to the Account Information page:

• Enable the "Exclude joint venture transactions" option.

  Use this option as an alternative to setting up subledger accounting to use a nondistributable account for joint venture receivables and payables invoices. The “Exclude joint venture transactions” option automatically excludes invoice and journal transactions generated by Joint Venture Management from being identified for distribution. See Exclude Joint Venture Invoices and Journals from Oracle Joint Venture Management Processing for more information.

• Change to account sets from distributable segments.

  You can select an account set even if you’ve already specified distributable segments to identify distributable accounts. Account sets enable you to identify a range of distributable accounts and exclude accounts from an account range.

  When you select an account set, the application hides the fields in the Distributable Segments tab and displays a message that an account set’s been selected to define distributable accounts.

• Clear or disable a segment on the Distributable Segments tab.

  You can clear or disable a segment only if there are no distributable segment values associated with the segment on the Primary Segment Values page.

• Add or remove rows and distributable segment values from the Primary Segment Values tab.

  Add new rows if you need to identify additional accounts in the primary segment that contain transactions you need to identify for distribution. Remove any rows for accounts that no longer contain transactions for distributing. You can also click Distributable Segment Values under the Action column to add or delete distributable segment values.

  If you remove a row with distributable segment values to identify an account, you should check if Joint Venture Management already identified transactions in the account for processing. It's possible to have unprocessed transactions as well as processed transactions with distributions generated. Upon review, if you determine that these transactions shouldn't be distributed you need to:

  1. Search for distributions for the account in the Joint Venture Distributions work area and delete them.

  2. Search for transactions for the account in the Joint Venture Transactions work area and remove them.

     Note: This does not delete the transactions from the ledger in Oracle Fusion Cloud Financials. It only removes them from being identified as joint venture transactions that need to be split.