After processing expense accruals for the fund, you can adjust fixed expense postings using the Create Expense or Waiver Adjustment panel. You can adjust expenses on any open accounting date for any dollar amount.
To adjust fixed expense postings:
- In Accounting Center, in the left navigation pane, click Transactions > Expenses > Expense Adjustments > Create Expense or Waiver Adjustment.
You see the Create Expense or Waiver Adjustment panel. - Identify the fixed expense you want to adjust.
You can specify the entity/accounting basis, share class, and expense account. - Ensure the Adjustment Fee Type list is set to Expense.
- Complete the remaining options in the Create Expense or Waiver Adjustment panel.
All fields, with the exception of the Ledger Notes field, are required. - Click Submit.
In the Create Expense or Waiver Adjustment panel, you can adjust expense postings for fixed or variable expenses or can adjust a waiver. The following are the options in the Create Expense or Waiver Adjustment panel.
Option | Tag | Description |
|---|---|---|
Expense or Waiver Adjustment | ||
Entity ID | 1163 | Specifies the entity identifier. |
Entity Name | 1164 | Specifies entity name. |
Accounting Basis | 21 | Specifies the accounting basis. |
Share Class | 34 | Specifies a valid share class. |
Replication Switch | 4971 | Displays the expense replication option that was selected on the primary accounting basis. This field is hidden. |
Adjustment Fee Type | 11198 | Indicates whether the adjustment applies to an expense or to a waiver. Options include:
|
Expense Account | 3252 | Specifies a valid expense account for the adjustment when you adjust an expense. |
Waiver Account | 4756 | Specifies a valid waiver account for the adjustment when you adjust a waiver. |
Effective Date | 35 | Specifies the effective date for the adjustment. |
Accounting Date | 36 | Specifies the accounting date. |
Monthly Accounting Date | 4733 | Displays the month end accounting date. |
Adjustment Amount Local | 903 | Specifies the adjustment amount. You can enter a negative or a positive dollar amount. |
Local to Base FX Rate | 87 | Displays the foreign exchange rate used to calculate the base adjustment amount. The value must be greater than zero. |
Adjustment Amount Base | 959 | Displays the base amount of the adjustment. |
Ledger Notes | 1308 | Allows you to define the reason for the adjustment. |
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