Apply Assignment Rules Only

Run the Identify Joint Venture Transactions process in the Process Ownership Definition Assignment Rules mode to apply assignment rules to transactions identified in a prior run.

Use this option when the process was previously run to only identify joint venture transactions and not assign an ownership definition or stakeholder to the transactions. In this scenario, the prior run of the Identify Joint Venture Transactions process must have been run in the default mode, with the "Bypass Default Ownership Definition Assignment" setting set to Yes. You can also run this process over joint ventures that aren't set up with a default ownership definition.

You can run the processes to identify transactions and apply assignment rules separately for troubleshooting purposes. This enables you to review transactions in the Joint Venture Transactions work area before and after applying assignment rules to the transactions.

  1. Access the Identify Joint Venture Transactions process.
  2. For the Processing Mode, select Process Ownership Definition Assignment Rules.
  3. Complete the following fields to identify the transactions to process:
    • Joint Venture. Select a particular joint venture or leave this field blank if you want the process to apply assignment rules to transactions for all joint ventures. Only joint ventures in Active status will be processed.

    • Ledger. Use this field only if you want the process to apply assignment rules to transactions in a ledger other than the primary ledger of the joint venture. When blank, the primary ledger associated with the business unit of the joint venture will be used.

    • Period. Use this field to apply assignment rules to transactions in a particular period. If you leave this blank, the earliest open period for the ledger will be used.

      The period is also compared to the effective date range in assignment rules to determine which assignment rules will be used. Only assignment rules with effective dates that overlap with dates for the period will be processed.

  4. For Bypass Default Ownership Definition Assignment:
    • Select No if you want the process to assign the default ownership definition defined in the joint venture definition to any transactions not assigned with an assignment rule.

    • Select Yes to ignore the default ownership definition defined in the joint venture definition.

      After running this process, it's possible for transactions to not have an ownership definition or direct billed stakeholder assigned to them in the Joint Venture Transactions work area. They can't be processed to create distributions. You can manually assign an ownership definition or direct billed stakeholder to these transactions in the Joint Venture Transactions work area. Or you can edit the assignment rules if necessary and rerun this process to create the proper assignments.

  5. Click Submit.
    Back on the Scheduled Processes Overview page, you can view a list of submitted processes and their statuses.
  6. After the process completes, you can click the log file in the Log and Output section to view the details about the process.