Create an Income Based Expense

In the Create Income Based Expense panel, you can add an income based expense. The system uses the sum of the ledger balances for the range of accounts that you defined using the Create Income Ledger Account Rule panel to determine the distributable gross income. Once the system calculates this value, it calculates the daily expense gross yield, annualized expense gross yield, and performance rate to arrive at the current day income based expense.

To create an income based expense:

1. In Accounting Center, in the left navigation pane, click Setup > Expense > Income Based Expense > Create Income Based Expense.
   You see the Create Income Based Expense panel.
2. Complete the options in the Create Income Based Expense panel.
3. Click Submit.
   You are ready to process the expense accruals by running the accrual process. For more information, see Run Expense Accruals.