About Creating Invoices for Joint Venture Distributions

After you’ve run the processes to identify and distribute joint venture transactions, you can create invoices for the distributions.

Use the "Create Joint Venture Invoices and Journal Entries" process to create the following invoices:

• Receivables invoices for cost distributions

  If you use partner contributions to pay the upfront costs of your joint venture and invoice stakeholders for the remaining costs, complete the partner contribution processes before you create receivables invoices.

• Payables invoices for revenue distributions

• Net invoices consolidating both costs and revenue into a single invoice for each stakeholder

  You can create net invoices only if netting is configured in the joint venture definition. This approach simplifies billing by offsetting amounts owed to or from the stakeholder, resulting in a net receivable or payable amount.

Note: Remember that the "Create Joint Venture Distributions" process splits both the entered and accounted amounts in transactions. Both amounts are recorded in the generated distributions, but only the accounted amount is used to create invoices and for other downstream processes.

After you run the process to create invoices, make sure you perform the processes to complete the accounting. See Complete the Accounting of Joint Venture Invoices.