Create NAV Rules

In the Create NAV Rule panel, you can create a new NAV rule or update an existing NAV rule. When you define a NAV rule, the rule can consist of one or more ledger accounts.

When the system calculates a net asset value at valuation close for a close-end fund eligible for preferred shares processing, it calculates the NAV value based on the ledger accounts identified in the fund's NAV ledger rule.

To create a new NAV rule: 

1. In Accounting Center, in the left navigation pane, click Setup > Fund Accounting > Valuations > Create NAV Rule.
   You see the Create NAV Rule panel.
2. In the Add or Update Ledger Rule list, click Add to create a new rule and enter related rule criteria.
   Otherwise, you can select Update if you want to enter additional rule criteria for an existing rule.
3. In the Chart of Account Name field, specify the name of the Chart of Accounts associated with the rule.
4. In the NAV Ledger Rule Name field, enter the name of the rule.
5. In the From General Ledger Account and To General Ledger Account fields, select the beginning and ending general ledger account numbers to use for the rule. 
6. If you want to define multiple rule criteria, repeat this process and update the existing NAV rule.
7. Click Submit.

After you create a NAV rule, you can assign that rule to a master fund that uses preferred shares processing. 

Create NAV Rule Panel Options

In the Create Adjusted NAV Expense Rule panel, you can add or update an adjusted NAV expense rule. The following are the options in the Create Adjusted NAV Expense Rule panel.