1. Implementing Joint Venture Management
  2. Before You Can Set Up Carried Interest Agreements

Before You Can Set Up Carried Interest Agreements

Before you set up carried interest agreements, a joint venture application administrator must enable the carried interest option in the Joint Venture System Options.

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

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