About the Setup of Stakeholder Reporting Ledgers

Joint Venture Management identifies joint venture transactions and creates distributions from the transactions. When configured properly, Joint Venture Management can generate stakeholder reporting journals for the distributions and post them to a stakeholder reporting ledger.

You must set up a separate stakeholder reporting ledger for each of the ledgers that you need to create financial reports by stakeholder. You might set up one for the primary ledger of the joint venture and additional ones for currency ledgers or any secondary ledgers associated with the primary ledger.

The following illustration shows an example of a primary ledger and its associated reporting currency ledger and secondary ledger for regulatory requirements. Below each ledger is the stakeholder reporting ledger for the ledger.

This image shows an example of a primary ledger and its associated reporting currency ledger and secondary ledger for regulatory requirements, which is described in the surrounding text.

Here are some important details to remember about stakeholder reporting ledgers:

Each stakeholder reporting ledger is a valuation method secondary ledger.
The COA of each stakeholder reporting ledger is the same as the COA of the ledger the stakeholder reporting ledger is associated with, except it includes an additional segment for the stakeholder.
When journal entries for distributions are posted to each stakeholder reporting ledger, the journal entries include the stakeholder for reporting purposes.