Processes

What will AGI do for Perform joint venture accounting?

A financial reporting period closes or a joint venture transaction requires cost and revenue allocation among partners.

Trigger
A financial reporting period closes or a joint venture transaction requires cost and revenue allocation among partners.
Outcome
Joint venture costs and revenues are accurately calculated, distributed to partners, and posted to the general ledger.

The work itself

Grounded Work Profile

Measured by

  • JIB Processing Cycle TimeprocessProfile
  • Allocation Accuracy RateprocessProfile
  • Partner Dispute Resolution TimeprocessProfile
  • Days Sales OutstandingprocessProfile

Key steps

  • Extract gross cost and revenue transactions for the joint ventureprocessProfile
  • Determine partner working interest percentages from the joint operating agreementprocessProfile
  • Allocate costs and revenues to respective joint venture partnersprocessProfile
  • Generate joint interest billing and revenue distribution statementsprocessProfile
  • Distribute statements to partners and collect paymentsprocessProfile
  • Resolve partner disputes and reconcile accounts with the general ledgerprocessProfile

How AGI delivers it

Four ways AGI delivers for Perform joint venture accounting

  • Services-as-Software

    Get the professional outcome delivered as software, priced on results, not headcount.

    Services.do
  • Autonomous Agents as digital employees

    Hire a digital employee that does the job under earned, supervised autonomy.

    Agents.do
  • Business-as-Code

    Encode how your work runs, once, as software that executes itself.

    Platform.do

Value flow

How Perform joint venture accounting connects

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