After you set up expense based expenses for the fund, you can process the expense accruals using the Run Expense Accruals panel in the Global Process workspace, which you also can use to process fixed, variable, and group expenses. The global expense process calculates and posts expense based expenses after processing for all other expenses, including reimbursements, is complete.
The Run Expense Accruals panel allows you to process expense based expenses separately, after you process other types of expenses and reimbursements. You can set the panel's NAV Component field to Expense Based Expense Only to process accruals only for expense based expenses. For more information, see Run Expense Accruals.
For example, you can follow this workflow at transaction close:
- Run expense accruals for all expenses other than expense based expenses
- Run the expense reimbursement process
- Run expense accruals for expense based expenses
WRITERS NOTE: you can choose Expense Based Expenses Only as the NAV Component. If you do not specify a NAV Component or if you pick certain NAV components, will EBE process? Which NAV Components get it to process? Ledger Based NAV Only?
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