Cancel Preferred Distributions

In the Cancel Preferred Distributions panel, you can cancel a preferred shares distribution. The system applies the same accounting date from the original transaction to the cancel transaction. If the accounting period is closed, the accounting date defaults to the next open period.

To cancel a preferred shares distribution:

1. In Accounting Center, in the left navigation pane, click Fund Accounting > Distributions > Preferred Distributions > Cancel Preferred Distributions.
   You see the Cancel Preferred Distributions panel.

2. In the Entity ID and Entity Name fields, specify the master fund entity identifier or the master fund entity name.
   In the Class Code field, you see a value of TF, or Total Fund.

3. In the Series Code field, indicate whether to cancel entries for preferred shares distributions associated with all share series or for a single share series.
   Options include:
   –  All Series. Default. Include all share series for the selected master fund.
   –  Individual Series. Include a single share series for the selected master fund that you identify in the Share Series field.

4. In the Share Series field, select the share series code for which to cancel accounting entries.
   This field appears if you set the Series Code field to a value of Individual Series. You can change the default value of All to a share class code for the selected master fund. When you select a code, you see the long descriptions for that code in the Share Series Name field.

5. In the Distribution Cancel Date field, specify the beginning date of the cancellation.

6. In the Accounting Date field, specify the accounting date.
   The system displays the Monthly Accounting Period Date field value.

7. Click Submit.