Overview of the Setup in Oracle Financials to Create Payables Invoices for Joint Ventures

Before you can use Oracle Joint Venture Management to create payables invoices for joint ventures, you must complete the required setup in Oracle Financials.

The following table lists the required setup tasks, which is followed by a list of optional setup tasks that you can complete based on your business needs. These setup tasks apply to payables invoices created for both operated and nonoperated joint ventures.

Application implementation consultants can perform these tasks.

Required Setup

Task	Link to Task
Derive the partner account in payables invoices and debit memos. Note: In Joint Venture Management, the account that’s written in the Item Expense account class in payables invoices is referred to as the "Partner account." In some industries, it’s referred to as the cutback account.	Set Up Partner Accounts for Joint Venture Payables Invoices
Set up currency conversion rates and rate types.	Set Up Conversion Rates and Rate Types to Create Payables Invoices in Multiple Currencies

Optional Setup

Task	Link to Task
Override the liability account using subledger accounting rules.	Override the Liability Account Using Subledger Accounting Rules
Set up the AFLOG_LEVEL profile option with the level of detail that you want to include in logs for the process that creates joint venture invoices.	Set Up the Logging Level of Detail for Joint Venture Invoices