When you use performance fees, you process Current Period Variable Expense performance fee accruals on a daily basis, while you calculate Prior Period Budgeted Expense and Prior Period Estimated Budgeted Expense performance fee accruals on a monthly, quarterly, semi-annual or annual basis. Then the system either spreads the calculated fee amount over the next period or books it as a lump sum posted to the date it processes the performance fee accrual.
You can run accruals manually, schedule them, and/or use Automated Event Wrapper to run them. For information about running accruals manually, see Run Expense Accruals.
For examples that describe how the expense accrual process fits into the workflow for each type of performance fee, see:
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