Derive Carried Interest Accounts for Revenue Amounts

Similar to how you derive carried interest accounts for recording cost amounts in carried interest journals, you must derive carried interest accounts for recording revenue amounts. Lines within carried interest journals for revenue are entered as a credit to these accounts.

For this configuration, you must copy and rename the provided Carried Interest Revenue journal entry rule set. This rule set includes the Carried Interest Account account rule to retrieve the carried interest account for the consenting stakeholder. The account rule requires no additional configuration.

To copy and rename the provided Carried Interest Revenue journal entry rule set:

1. In the Joint Venture Management functional area in Setup and Maintenance, select Show – All Tasks and then click the Manage Journal Entry Rule Sets task.
2. Select the Carried Interest Revenue journal entry rule set and then click Duplicate to create your own copy.