In the Close Fixed Expense panel, you can close a fixed expense.
To close a fixed expense:
In Accounting Center, in the left navigation pane, click Setup > Expense > Fixed Expense > Close Fixed Expense.
You see the Close Fixed Expense panel.Complete the options on the Close Fixed Expense panel.
Click Submit.
Closed Fixed Expense Panel Options
The following are the options in the Close Fixed Expense panel.
Option | Tag | Description |
|---|---|---|
Fund Information | ||
Entity ID | 1163 | Specifies the entity identifier |
Entity Name | 1164 | Specifies entity name. |
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 that was selected on the primary accounting basis. |
Accrual Type Indicator | 3200 | Indicates whether expenses are fixed or spread over a period. |
Accrual Beginning Date | 220 | Displays the accrual begin date. |
Accrual Ending Date | 221 | Displays the accrual end date. |
Effective Date | 35 | Specifies the effective date. |
Accounting Date | 36 | Specifies the accounting date. |
Fee Amount | 3201 | Displays the fee amount. |
Earned Thru Date | 461 | Displays the earned thru date. |
Calculation Frequency | 518 | Displays the calculation frequency. |
Fee Currency | 85 | Displays the local currency in which the asset is denominated. |
Calendar Business Days | 824 | Indicates whether business or calendar days are used. This field uses information stored at the entity level. |