In the Close Expense Based Expense Accrual panel, you can close or stop the expense accrual for an expense based expense.
To close an expense based expense:
In Accounting Center, in the left navigation pane, click Setup > Expense > Expense Based Expense > Close Expense Based Expense Accrual.
You see the Close Expense Based Expense Accrual panel.Specify the criteria to select the expense based expense that you want to close.
For example, you can identify the entity/accounting basis, share class, and expense account name for the expense you want to
...
close.
In the Accrual Ending Date, specify the ending date that accruals occur.
Complete the remaining options in the Close Expense Based Expense Accrual panel.
Click Submit.
Close Expense Based Expense Accrual Panel Options
The following are the options in the Close Expense Based Expense Accrual panel.
Option | Tag | Description |
|---|---|---|
Fund Information | ||
Entity ID | 1163 | Specifies the entity identifier |
Entity Name | 1164 | Specifies entity name. |
Accounting Basis | 21 | Specifies the accounting basis for the selected entity. |
Share Class | 34 | Specifies a valid share class. |
Expense Information | ||
Expense Account Name | 3252 | Specifies a valid expense account. |
Replication Switch | 4971 | Displays the expense replication option selected for the expense. |
Accrual Ending Date | 221 | Specifies the accrual end date. |
Earned Thru Date | 461 | Displays the earned thru date. |
NAV Component | 3256 | Displays the NAV component. The NAV Component field shows a value of Ledger Based NAV for expense based expenses. |
Expense Based Expense Rule Name | 11689 | Specifies the name of the expense based expense rule for the expense based expense. |
Fee Currency | 85 | Displays the local currency in which the asset is denominated. |