Reassign Distributions to a Different Stakeholder

After the Create Joint Venture Distribution Reversals process creates the reversed and reassignment distributions, you can assign a stakeholder on the reassignment distribution.

For example, if the distribution was reversed due to incomplete invoice information reported by a partner, the managing partner might decide to absorb that distribution until they analyze further. In such a case, you’ll reassign the distribution to the managing partner.

Distributions that are available to be reassigned are in Ready to Reassign status. After reassigning distributions, the status of the distributions changes to Available to Process. For “Distribution Only” distributions, the status changes to Process Complete. The distribution details page includes the original stakeholder that was associated with the distribution.

Note: If the original distribution has project costing information, the process creates the reassignment distribution with the initial Project Costing status of Awaiting Accounting. If you reassign the distribution to an internal or a “Distribution Only” stakeholder, the Project Costing status changes to Not Applicable because project cost adjustments aren’t created for such stakeholders.

To reassign distributions to a different stakeholder, complete the following steps:

1. On the Home page, click Joint Venture Management, Distributions.
2. Select the distributions that you want to reassign to a different stakeholder and click More Actions, Reassign Stakeholder.
   Note: Make sure that you select only the distributions belonging to a single joint venture.
3. On Reassign Stakeholder, select a stakeholder from the drop-down list.
4. Click Update.
   You can update the stakeholder any number of times as needed before you process this distribution to create invoices or journals.