Distribute Income
The Distribute Income function is available only if you have purchased a license for the Pooled Fund Administration module.
The Distribute Income function computes and stores payment amounts for all gifts to the specified pooled income fund that were active during the current payment period. Each payment amount is based on the number of units held by the gift weighted for the number of days during the payment period that the units were held.
The 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 Distribute Income window.
1. Click PIF > Distribute Income in the Menu Bar.
2. Choose the organization and pooled income fund for which you want to distribute income. Click OK.
3. 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.
4. Enter calculation criteria for determining the income to distribute. There is help available on each field. When done, click OK.
Choosing the correct When Distribution Saved option
If you have already stored a corrective distribution for the current period by running Correct Past Distribution, choose Add Distribution to Existing Payment Amounts in Current Period. This way, the existing corrective payment amounts in the current period will adjust the payment amounts you are about to compute.
If you 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 Distribute Income function, payment amounts for the current period will equal the amounts you are about to compute.
5. Click OK to view a report of the income that will be assigned to each gift.
6. Do the following, as needed:
7. Click 
when done viewing the report.
8. Click OK to view a report of the income that will be assigned to each person.
9. See step 6 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 Distribute Income 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.