Joint venture Project

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Posted on by Elie Georges Karam

Hello,

first i am not sure if this is the right form to ask and seek for answers on d365fo project management and accounting.

However i really appreciate any assistance.

The issue is our company is awarded a contract with client and the contract in a joint venture bentween 2 sister company (2 legal entities) non-incorporated (they will not create new legal entity for that project)

and as per the contract, they both need to submit their invoices to the customer.

The question is how and where should i create and manage the contract?

On which company or i have to split the contract?

In the joint venture agreement they have defined each company part of the project.

What to do in tgis case?

Thanks in advance

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Adis 2,428 on at

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Joint venture Project

Hi,

First of all, you are in the right place to ask questions, so welcome!

How I understand it, you and the other 2 companies are working on the project. You said you have to submit their invoices to the customer, but its not the same invoice, right? You just submit the invoice for the goods and services that you provide and the others submit their invoices for the goods and services they provide. I guess I am missing something, or?

Or do all 3 companies can only invoice a percentage of the sold goods & services based on the ownership of the joint venture?

When we (or I) understand the requirement, I might be able to help.

Kind regards, Adis
VaHiX 3,119 on at

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Joint venture Project

Thank you for posting this in the Dynamics Community

Would you please check these articles:

Manage multiple customers on project-based contracts | Microsoft Learn

Project contracts | Microsoft Learn

Project management and accounting overview | Microsoft Learn