How To Use An Adjustment To Change The GL Distribution

Assume you have a frozen financial transaction that affected an incorrect GL distribution code. You have two ways to correct such a situation:

• You could cancel and recreate the original financial transaction (bill segment or adjustment), ensuring that the appropriate distribution code is affected by the new transaction.

• You could create an adjustment that does not impact the taxpayer's balance but does have a GL entry. This GL entry would reverse the effect of the original distribution code and have an offsetting entry to the correct distribution code. The following points explain how to do this:

• Choose an adjustment type that only impacts the GL (i.e., the adjustment's adjustment type has an FT algorithm that doesn't impact the taxpayer's current or payoff balance, it only impacts the GL).

• Enter an adjustment amount of zero.

• Generate the adjustment.

• Drill into the adjustment's financial transaction and enter two (or more) GL distribution rows that reflect the redistribution of the amounts.

• Return to the adjustment and freeze it.