1. Implementing Joint Venture Management
  2. Prerequisite for Setting Up Carried Interest Agreements

Prerequisite for Setting Up Carried Interest Agreements

Before you can set up carried interest agreements, you must enable the carried interest option in the Joint Venture System Options.

Joint venture application administrators can perform this task.
  1. In the Functional Setup Manager, select the Joint Venture Management functional area under the Financials offering.
  2. Click the Manage Joint Venture System Options task.
  3. On Joint Venture System Options, click Start.
  4. In the Features section, click the Carried Interest checkbox.
  5. Click Save and then click Cancel to exit the application.

If you plan to create carried interest journals for consenting stakeholders, you must set up the Joint Venture subledger accordingly. See Set Up the Joint Venture Subledger for Carried Interest Journals for more information.