Automatic Adjustments to Partner Contributions for Distribution Reversals

Automatically return reversed distribution amounts to partner contributions as part of the process to reverse distributions.

In the Process Joint Venture Adjustments scheduled process, select Create Joint Venture Distribution Reversal in the Processing Mode parameter, and either "Distributions identified by ownership definition change" or "Distributions identified as ready to reverse" in the Reversal Source parameter. The process automatically adds or subtracts the amount to the partner contribution open amount.

The process generates a report that indicates the number of distributions that couldn’t be added back automatically. You must run the Process Joint Venture Partner Contributions process with the Assign and Draw Processing Mode to complete these updates.

You must run the Process Joint Venture Partner Contributions process with the Assign and Draw Processing Mode to adjust the partner contribution balances for reversals under either of these conditions:

• The partner contribution to be adjusted is not in Available to draw status. 
• The partner contribution open amount is insufficient to absorb the adjustment due to a credit transaction’s reversal.

Business Benefit:

This improves productivity by eliminating the need for joint venture accountants to run a separate process to return amounts to partner contributions after reversing joint venture distributions.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

• For more information, refer to:
  • Implementing Joint Venture Management guide and
  • Using Joint Venture Management guide.

Access Requirements

• Joint Venture Accountant