1. Implementing Joint Venture Management
  2. Set Up Oracle Receivables for Joint Venture Credit Memos

Set Up Oracle Receivables for Joint Venture Credit Memos

When joint venture accountants need to make adjustments to an invoice, they create a credit memo to reverse the invoice transaction.

Perform these setup tasks to ensure that credit memos from Oracle Joint Venture Management are processed correctly:

  • Determine Whether You Need to Derive Accounts for Credit Memos
  • Set Up the Oracle Joint Ventures Transaction Source to Populate the Joint Venture Name in Credit Memos
  • Configure the Joint Venture Transaction Type to Create Credit Memos That Increase the Invoice Balance
  • Configure the Joint Venture Transaction Type to Create Credit Memos That Exceed the Invoice Balance