New enhancements for Joint Venture Management are now available to calculate overhead charges and billing for joint ventures:

  1. Overhead Calculation

Overhead is calculated once a month, and there can be only one overhead entry for the joint venture, business unit, rule, method, year, and month.

To calculate overhead, you use the Overhead Rules program (P09J50) to create an overhead rule that can contain different calculation methods. Each method has an effective start and end date for calculating the overhead amount. The system provides five overhead charging methods to use: Fixed Amount, Fixed Amount with Escalation, Fixed Percent, Fixed Percent with Sliding Scale, and Day Rate and User Defined Method.

 

   B. Billing and Paying the Partners

The expenses incurred and revenue generated by a joint venture are shared among the joint venture partners. You record expenses and revenue for actual amounts, and then bill the distributed expenses or pay the distributed revenue to the partners based on ownership percentages maintained in the Division of Interest (DOI) tables (F09J20 and F09J21).

 

The new Joint Venture Management enhancements can be downloaded from the Update Center under the following bugs:

Bug 27046889 - JOINT VENTURE MANAGEMENT - OVERHEAD RULES

Bug 26963997 - JOINT VENTURE MGMT – INVOICING

 

For more detailed information on this functionality, please review:

Overview of Joint Venture Management (G09J) (Doc ID 2317050.1)

JD Edwards EnterpriseOne Applications Joint Venture Management Implementation Guide Release 9.2