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To create a fixed expense:
In Accounting Center, in the left navigation pane, click Setup > Expense > Fixed Expense > Create Fixed Expense.
You see the Create Fixed Expense panel.Complete the options on the Create Fixed Expense panel.
You can set up expenses that are fixed or spread over a period.Click Submit.
You are ready to process the expense accruals by running the accrual process.
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For more information, see Run Expense Accruals
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.
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After processing expense accruals for the fund, you can adjust
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expense postings.
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For more information, see Adjust Fixed Expense Postings
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.
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For example, the following expense accrues a daily fixed expense of $250.00 every calendar day between February 1 and March 1. That is, $7,000.00 for the month.
The following expense spreads $7,000.00 over the period between February 1 and March 1. That is, $250.00 per day.
