1. Using Joint Venture Management
  2. Create Reversed and Reassignment Distributions

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:

  • Cancels the original distributions, setting the distribution line type to Canceled.
  • Creates a distribution with a distribution line type of Reversed to offset the canceled distribution.

    Reversed distributions include the reason for the reversal.

  • Creates a new distribution to reassign a different stakeholder. This is the reassignment distribution that has the initial status of “Ready to Reassign.”

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. Open Scheduled Processes and access the Process Joint Venture Adjustments job.

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

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

  4. Select the joint venture whose distributions you want to reverse. Or leave this field blank to run the process over all your joint ventures. The process selects only those joint ventures in Active status.

  5. Select a stakeholder for the specified joint venture or leave this field blank to run the process for all the stakeholders in the joint venture.

  6. Select Submit.

    After the process completes, you can review the processing details in a report. To access the report, select the Process Details tab, select the “…more” link next to Attachment, and then select the .txt file.