In the Create/Update Waiver Hierarchy Rule panel, you can use the Add option to create a new waiver hierarchy rule for use with special waiver processing, and set up the hierarchy levels for that rule. Each hierarchy level has a priority value, along with an expense and waiver account used for waiver calculations.
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- In Accounting Center, in the left navigation pane, click Setup > Expense > Special Waivers > Create/Update Waiver Hierarchy Rule.
You see the Create/Update Waiver Hierarchy Rule panel. - Click the Add or Update Waiver Hierarchy Rule list and select Add.
- In the Special Waiver Hierarchy Rule box, specify the name of the waiver hierarchy rule.
- In the Special Waiver Type list, select the type of special waiver that uses the waiver hierarchy rule.
Options include:
- Assumption Fee
- Waterfall Waiver - Set the Rule Type list to Fund or Class.
After you provide this information for the rule, you can specify the Rule Criteria options for one or more hierarchy levels. - In the Accounting Basis field, select the basis that applies to the hierarchy level.
- In the Effective Date field, specify the date that the hierarhcy hierarchy level becomes effective.
- In the Waiver Hierarchy box, specify a numeric value for the priority of the hierarchy level.
For example, if you have levels with a waiver hierarchy of 1, 2, and 3, the system uses Waiver Hierarchy Level 1 as the top priority level. If you create a rule for an assumption fee, the single expense has a value of 1 and the panel applies a hierarchy level of 2 for the assumption fee. - Complete the remaining options in the panel for the hierarchy level.
- If you want to define multiple tier levels, use the pane at the bottom of the panel, as follows:
- Click the lower pane.
- Right-click and select Add Rows.
- Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You need to add a row for each additional level level you want to associate with the tier rule.
- Complete the fields on each row you added. - Click Submit.