Criteria for Creating Invoices

The Create Invoices and Journal Entries process creates invoices for distributions that meet the following criteria:

• Cost distributions that are associated with operating expenses, capital expenditures, overhead fees and other charges. In the Joint Venture Distributions work area, the cost distributions are recorded using the following account types: Expense, Assets, Overhead, and “Fees and other charges.”

• Revenue distributions recorded as account type Revenue in the Joint Venture Distributions work area.

• Distributions in Available to Process status. Note that distributions marked as Distribution Only automatically have a status of Process Complete and aren't available for invoicing.

• Distributions with a stakeholder preference of Create Invoices.

• The distribution amount is equal to or greater than the minimum amount required to create an invoice.

  Minimum invoice amounts are specified in the joint venture definition. For example, you could set a minimum of $500 for Receivables invoice amounts and a minimum of $300 for Payables invoice amounts. The process will create invoices only when the distribution amount reaches $500 or $300 respectively.