What this article covers: How BrizoConsol handles Joint Venture (JV) and Associate entities — where they sit in the ownership structure, how JV journals are generated, and how to review and post manual JV adjustments.
Joint ventures and associates are entities where the group holds a significant but non-controlling interest — typically between 20% and 50%. BrizoConsol tracks these separately from fully consolidated subsidiaries and generates the equity-method journals needed to reflect the group share of profit and net assets.
1. Navigating to JV / Associate
From the left navigation, go to Ownership & Equity, then select JV / Associate under the Settings section. This opens the JV reconcile and verify page for the selected period.
2. The JV / Associate Page
The page is divided into two sections — auto-generated journals and manually posted journals — for the selected period and scenario.
Section
Description
Auto-generated journals
JV journals calculated automatically by BrizoConsol based on ownership percentages and the entity data — group share of profit, net assets, CTA, and other reserves
Manual JV journals
Journals posted manually to record adjustments or corrections to the JV equity calculations — supports recurring journals
3. Posting a Manual JV Journal
1
Select the periodUse the period selector to navigate to the month you want to adjust.
2
Click Add JournalEnter the journal description, date, and debit/credit lines. Select the related subsidiary this journal applies to.
3
Optionally set it as recurringIf the same adjustment applies across multiple months, enable recurring and set the start and end dates.
4
Save the journalThe journal is posted and appears in the manual journals list. It will be included in the JV / Associate Report for the same period.
💡 Tip: Use the JV / Associate Report (under Reports in the Ownership & Equity sidebar) to review the calculated group share of profit and net assets for each JV entity.
