Joint Venture Bill When Paid Processing for Costs from Oracle Procurement

Use Bill When Paid processing for costs identified from the Receipt Accounting subledger. Both Oracle Payables and Oracle Procurement transactions are processed by Oracle Joint Venture Management after the managing partner pays the supplier costs.

Business Benefit:

Joint Venture Accountants can comply with the joint operating agreement by processing only paid costs.

Steps to Enable

To activate this functionality, enable the "Bill When Paid" option within the joint venture definition settings.

Tips And Considerations

• Make sure that you process all unprocessed joint venture transactions and distributions to a completed status before turning on or off the Bill When Paid option.
• When the Bill When Paid functionality is enabled, transactions imported into Joint Venture Management from the Receipt Accounting and Payables subledgers will be moved to the status "Awaiting Payment" if the original invoice remains unpaid. However, if the transactions originate from sources other than the Payables and Receipt Accounting subledgers—such as other subledgers, the General Ledger, or overhead—the system assumes the transactions have already been paid.

Key Resources

• Watch the Joint Venture Invoices for Paid Expenses Demo
• For more information, refer to:
  • Implementing Joint Venture Management guide
  • Using Joint Venture Management guide.

Access Requirements

• Joint Venture Application Administrator
• Joint Venture Accountant