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If the performance fee uses a performance fee rule where you set the Fee Approval option to Autoapprove, the system assigns an Active status to the performance fee and can post the fee when you run the global expense accrual process. If the performance fee uses a performance fee rule where you set the Fee Approval option to Manual, the system assigns a Pending status to the performance fee to allow you to review and approve the calculated performance fee before the system can post the performance fee when you run the global expense accrual process.
WRITERS NOTE: where does the fee start/end date range come from? They are both display only.