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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. For more information, see Run Expense Accruals. After processing expense accruals for the fund, you can adjust
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expense postings. For more information, see Adjust Fixed Expense Postings.
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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.
