Set Up Receivable Accounts for Cost Recovery Invoices and Partner Contribution Invoices

Use one of the following methods to set up receivable accounts for posting invoice amounts.

• Define a receivable account for each joint venture.

  Joint venture accountants can define the receivable account in the setup of each joint venture definition. See Specify a Receivable Account for Joint Venture Receivables Invoices for details.

• Instead of having users define a receivable account in each joint venture, you can define a receivable account in these ways:

  • Define a default receivable account.

    Use AutoAccounting rules to define a default receivable account for the business units of your joint ventures.

    Note: Receivable accounts defined using either of the other two methods will override the default receivable account.

  • Define a receivable account using subledger accounting rules.

    Use this method if defining a default receivable account or defining a receivable account in joint venture definitions doesn’t meet your business needs.

    Note: This setup acts as an override to a default receivable account and any receivable accounts defined in joint venture definitions.