1. Implementing Joint Venture Management
  2. Verify Setup of Partner Accounts for Proper Processing of Cost Adjustments

Verify Setup of Partner Accounts for Proper Processing of Cost Adjustments

You can set up Oracle Joint Venture Management to generate receivables invoices in Oracle Fusion Cloud Financials to recoup joint venture costs from partners. Because these receivable invoices are not revenue-related, an administrator sets up partner accounts to account for these types of invoices.

To successfully import cost adjustments into Oracle Project Costing from Joint Venture Management, you must make sure that partner accounts are:

  • Posting accounts

  • Child accounts and not as summary or parent accounts

  • Non-control accounts

  • Restricting manual GL journals and provide no validation of third party customers or suppliers

See Set Up Partner Accounts for Joint Venture Invoices for more information.