Account Set Statuses

The following table describes the account set statuses and the changes you can make to an account set depending on its status.

Note:

You can also set up user-defined statuses for account sets to fit your business needs. See Manage Oracle Joint Venture Management Lookups for more information.

Status	Action
Editing	The initial status when setting up an account set. After saving an account set in this status, you can modify any of the details in the account set except the account set name. You can change the status of an account set from Active to Editing.
Active	You must set an account set to Active status before you can assign it to a joint venture definition, an ownership definition assignment rule, or an overhead method. However, you can assign an account set in Editing status to a partner contribution, but the partner contribution can’t be used until the account set is set to Active status.
Inactive	Change the account set to this status when you no longer need to use it to identify transactions. Before you change the status to Inactive, make sure that it’s not being used by an active joint venture definition, an overhead method, an ownership definition assignment rule, or a partner contribution.

Status

Action

Editing

The initial status when setting up an account set. After saving an account set in this status, you can modify any of the details in the account set except the account set name.

You can change the status of an account set from Active to Editing.

Active

You must set an account set to Active status before you can assign it to a joint venture definition, an ownership definition assignment rule, or an overhead method. However, you can assign an account set in Editing status to a partner contribution, but the partner contribution can’t be used until the account set is set to Active status.

Inactive

Change the account set to this status when you no longer need to use it to identify transactions. Before you change the status to Inactive, make sure that it’s not being used by an active joint venture definition, an overhead method, an ownership definition assignment rule, or a partner contribution.