1. Using Joint Venture Management
  2. Create Accounting for Carried Interest Journals

Create Accounting for Carried Interest Journals

Perform these steps to create accounting for carried interest journals:

  1. On the Home page, select Joint Venture Management, and then select Create Accounting for Joint Ventures from the Quick Actions list.

    You can also access and run this process by searching on "Create Accounting" in Scheduled Processes.

  2. Complete these fields:

    • Subledger Application. Select Joint Ventures.

    • Ledger. Enter the ledger or primary ledger of the business unit of the joint venture that you're processing carried interest journals for.

    • Process Category. Select Carried Interest.

    • End Date. This is in reference to the transaction or event date. Only events having an event date before the end date are selected for accounting. By default, this field displays the current system date.

    • Accounting Mode. Select Final.

    • Process Events. Select All.

    • Report Style. Select Summary.

    • Transfer to General Ledger. Select Yes.

    • Post in General Ledger. Select Yes if you want the entries to be automatically posted to Oracle General Ledger.

    • Journal Batch. It’s recommended that you enter a name for the journal batch. Remember this name so you can use it to search for journals generated by this process.

    • Include User Transaction Identifiers. Select No.

  3. Click Submit.

    The process submits multiple subprocesses. You can review the Create Accounting Execution Report for any errors.