Correct Past Distribution
The Correct Past Distribution function is available only if you have purchased a license for the Pooled Fund Administration module.
The Correct Past Distribution function is used to correct errors in the amounts distributed to a pooled income fund's participants during a previous payment period. This function corrects regular distributions, but not adjusting distributions.
The function computes the difference between what each fund participant received during the error period and what each fund participant should have received during that period and stores the result in each participant's payment amount field for the current period. When added together with the distribution amount for the current period, the net amount distributed to each fund participant at the end of the current period fulfills both the fund's distribution obligation for the current period and corrects for the mistaken distribution made previously.
The corrective payment amounts are computed using the distribution method specified for the chosen pooled income fund in the fund's setup window. This method is displayed at the top of the Correct Past Distribution window.
Correct Past Distribution calculations explained
1. Be sure that the period for the fund you are correcting has been updated to the current period. 
How?
2. Click PIF > Correct Past Distribution in the Menu Bar.
3. Choose the organization and pooled income fund for which you want to correct a past distribution. Click OK.
4. Review the fund settings displayed at the top of the window. If any are incorrect, you can change them in the setup window for the fund. See Setup > Pooled Income Fund.
5. Enter calculation criteria for determining the amounts that should have been distributed during the error period. There is help available on each field. When done, click OK.
Choosing the correct When Distribution Saved option
If you have already stored the distribution for the current period by running Distribute Income, choose Add Distribution to Existing Payment Amounts in Current Period. This way, the existing payment amounts for the current period will be adjusted by the corrective amounts you are about to compute.
If have not yet run a distribution for the current period or wish to overwrite an incorrect distribution, choose Overwrite Existing Payments in Current Period. When you finish the Correct Past Distribution function, payment amounts for the current period will equal the corrective amounts you are about to compute.
6. Click OK to view a report of the income that will be assigned to each gift.
If you are have already saved Issued Dates while distributing income for the current period, you will see a warning message noting that payments made during the period already have Issued Dates. This is not a problem and it is okay to continue.
7. Do the following, as needed:
8. Click 
when done viewing the report.
9. Click OK to view a report of the income that will be assigned to each person.
See step 7 above for how to print or save the report or export it to Word.
10. Click when done viewing the report.
11. Choose whether or not you wish to save the payment amount computed for each gift in the Check Amount field of the appropriate check record for each respective person and gift. Then, click OK.
12. Click Close to the two Correct Past Distribution windows to close the function.
Notes:
· If you see an error log, fix the errors it identifies, then run Distribute Income again.
To print the error log, click Print , then click OK in the standard Windows Print dialog box. Alternatively, you may save the log in a file that you can print or review later. When done, click Cancel.