Account Set Classification

When creating an account set, you can assign one or more categories to indicate the types of joint venture configurations it applies to, such as:

• Joint venture definition, for the identification of either distributable, distribution only, or billable asset accounts
• Ownership definition assignment rule
• Overhead method
• Partner contribution

Classifying account sets helps ensure that only relevant account sets appear in the selection list for each joint venture configuration. If an account set has no assigned classifications, it will be available for selection in all configurations, regardless of suitability.