Run the Process to Create Joint Venture Invoices

You must be a joint venture accountant to run the process to create joint venture invoices:

• Receivables invoices to bill partners for joint venture costs

• Payables invoices to pay partners for joint venture revenue

1. From the Home page, select Joint Venture Management, and then select Create Joint Venture Invoices and Journal Entries from the Quick Actions list.

2. For the Processing Mode, select Create Invoices for Joint Venture Distributions.

3. For the Type, select Receivables, Payables, or Both.

4. Use the following fields to determine the distributions to process, or leave them blank if you want to process distributions for all your joint ventures:

   • Business Unit. Select a business unit to process distributions for all the joint ventures associated with the business unit.

   • Legal Entity. Use this field to process distributions for joint ventures that are associated with a particular legal entity.

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

     Only joint ventures in Active status will be processed.

5. Use the Process By drop-down list to process distributions by period or accounting date.

   • If you select Period, then select the period in the field provided.

   • If you select Accounting Date, use these fields to enter a date range:

     • From Date. If you complete this field and leave the To Date field blank, the process will select all distributions that have the accounting date starting from the date you specified to the current date.

     • To Date. If you complete this field and leave the From Date field blank, the process will select all distributions that have the accounting date before and on the date you specified.

   If you select Period or Accounting Date in the drop-down list but don’t specify a period or a date range, the process will select all distributions that have an accounting date corresponding with the earliest open period.

   If you leave the Process By field blank, the process will select all distributions that are available to process.

   Note: Only distributions for transactions with an accounting date in the specified period or within the date range will be processed.
6. Select an invoicing partner to generate invoices only for a particular invoicing partner's distributions.

7. Specify default values for the following dates in the joint venture invoices:

   • Invoice Date. Enter a date to assign as the invoice date in the joint venture invoices. If you leave this field blank, the current date is used.

   • Accounting Date. Enter a date to assign as the general ledger date for the joint venture invoices in Oracle Receivables or Oracle Payables. If you leave this field blank, the process assigns the last day of the current open period.

   • Conversion Date. If an override currency is specified for any stakeholders in the joint venture, choose invoice date or system date to determine the currency conversion rate to use when creating invoices for the stakeholders. If you leave this field blank, the system date is used as the default.

8. Click Submit.

   The Create Joint Venture Invoices and Journal Entries process uses a combination of a parent process and subprocesses to create invoices. All the processes generate reports.

   To access a report, click the Process Details tab, select the “…more” link next to Attachment, and then click the .txt file.