Create Reversed and Reassignment Distributions

Run the adjustments process to create reversed and reassignment distributions for distributions that are manually marked for reversal. Distributions manually marked for reversal have a status of “Ready to Reverse.”

The process updates the distributions in the Joint Venture Distributions work area as described here:

• Changes the distribution line type of the distribution marked for reversal to Canceled.
• Creates a reversed distribution for each canceled distribution.

  Reversed distributions include the reason for the reversal.

• Creates a new distribution to reassign a different stakeholder. This is the reassignment distribution.

You can use the Joint Venture Distributions work area to review and update the reversed distributions before you process them to create credit memos. For example, you can change the distribution status to “On hold” to hold off creating the credit memo or debit memo for a reversed distribution. For more information about the updates that you can make, see Manage Reversed, Redistributed, and Reassigned Distributions.

Perform these steps to create reversed and reassignment distributions:

1. Access Scheduled Processes from the Tools menu and then search for this process by job: Process Joint Venture Adjustments.

2. For the Processing Mode, select Create Joint Venture Distribution Reversals.

3. For the Reversal Source, select "Distributions identified as ready to reverse."

4. On Process Details, determine when you want to run the process:

   • As soon as possible. This is the default.

   • On a schedule. Click Advanced to set up a schedule for running the process. In the Advanced Options, you can create a schedule and set up a notification so you or another user are notified about the process.

5. In the Basic Options section, specify values in the following fields as required:

   • Joint Venture. Select a particular joint venture or leave it blank to run the process over all your joint ventures. The process selects only those joint ventures at an Active status.

     If data security is enabled, this list displays only the joint ventures associated with the business units you are authorized to manage. If you leave this field blank, the process creates reversed and reassignment distributions only for the joint ventures you can manage.

   • Stakeholder. Select a particular stakeholder for the joint venture that you selected or leave it blank to run the process for all the stakeholders in the joint venture.

6. Click Submit.