1. Using Joint Venture Management
  2. Identify Joint Venture Transactions

Identify Joint Venture Transactions

Schedule or manually run the Identify Joint Venture Transactions process to identify transactions for one or more joint ventures in Oracle Fusion Cloud Financials.

Note: Transactions from account types other than Assets, Expense, and Revenue are identified by the process as "Distribution Only," which means that they can be distributed but not invoiced.

Follow these steps if you're processing joint venture definitions set up with default ownership definitions and NOT ownership definition assignment rules. If you set up ownership definition assignment rules, see Apply Ownership Definition Assignment Rules to Joint Venture Transactions.

  1. From the Home page, select Joint Venture Management, and then from the Quick Actions list, select Identify Joint Venture Transactions.
    Note: If there isn't a Quick Actions list, ask your application implementation consultant to change the home page to the "News feed" theme to display it. See Overview of Configuring Themes and Home Page Settings for more information. Otherwise, you can use Scheduled Processes to search for and run the Identify Joint Venture Transactions process.

  2. For the Processing Mode, select Identify Joint Venture Transactions. This is the default.

  3. Complete the following fields to select the transactions to process:

    • Legal Entity. Use this field to identify transactions for joint ventures that are associated with a particular legal entity. Leave it blank to run the process over all your joint ventures.

      Caution: The drop-down list includes all legal entities that are associated with joint ventures; this can include legal entities that you don't have access to. If you select a legal entity that you don’t have access to, no records will be processed.

    • Joint Venture. Select a particular joint venture or leave this field blank if you want the process to identify transactions for all your joint ventures. Only joint ventures in Active status will be processed.

      If you selected a legal entity, the drop-down list includes only the joint ventures associated with the legal entity. Click Select More…to select multiple joint ventures for processing.

      Note: If you need to select a legal entity or change the one you selected, you must first clear the joint venture selections.

    • Ledger. Use this field only if you want the process to identify transactions in a ledger other than the primary ledger of the joint venture. If you leave it blank, the primary ledger associated with the business unit of the joint venture will be used.

      Note: Transactions identified from a ledger other than the primary ledger of the joint venture are available for distribution. However, distributions generated from these transactions aren't available for invoicing or journal entries. Their status is set to Process Complete.

    • Period. Use this field to identify transactions for a particular period. If you leave this blank, the earliest open period for the ledger will be used.

    • Transaction Source. Specify the source of the transactions that you want the process to identify: Subledger and General Ledger or Joint Venture Source Transactions.

      Note: The Process Ownership Definition Assignment Rules and Bypass Default Ownership Definition Assignment options apply only to processing ownership definition assignment rules.

  4. Click Submit.

  5. Back on the Scheduled Processes Overview page, you can view a list of submitted processes and their statuses. Click a process in the table to view more details about the process.