Close an Expense Based Expense

In the Close Expense Based Expense Accrual panel, you can close or stop the expense accrual for an expense based expense.

To close an expense based expense:

In Accounting Center, in the left navigation pane, click Setup > Expense > Expense Based Expense > Close Expense Based Expense Accrual.
You see the Close Expense Based Expense Accrual panel.
Specify the criteria to select the expense based expense that you want to close.
For example, you can identify the entity/accounting basis, share class, and expense account name for the expense you want to close.
In the Accrual Ending Date, specify the ending date that accruals occur.
Complete the remaining options in the Close Expense Based Expense Accrual panel.
Click Submit.

Close Expense Based Expense Accrual Panel Options

The following are the options in the Close Expense Based Expense Accrual panel.

Option	Tag	Description
Fund Information
Entity ID	1163	Specifies the entity identifier
Entity Name	1164	Specifies entity name.
Accounting Basis	21	Specifies the accounting basis for the selected entity.
Share Class	34	Specifies a valid share class.
Expense Information
Expense Account Name	3252	Specifies a valid expense account.
Replication Switch	4971	Displays the expense replication option selected for the expense.
Accrual Ending Date	221	Specifies the accrual end date.
Earned Thru Date	461	Displays the earned thru date.
NAV Component	3256	Displays the NAV component. The NAV Component field shows a value of Ledger Based NAV for expense based expenses.
Expense Based Expense Rule Name	11689	Specifies the name of the expense based expense rule for the expense based expense.
Fee Currency	85	Displays the local currency in which the asset is denominated.