Set Up Funds for Expense Processing

In the Create Master Fund panel and the Edit Master Fund/Sector panel, there are several expense related fields that impact expense processing. These fields determine whether you can do the following:
■      Book budgeted and variable expense payables against an offset account for expense payments.
■        Disable recoupment of expense reimbursements to the fund.
■      Replicate expense accruals and cash settlements across primary and secondary accounting bases.
To set up a fund for expense processing:
1.    Do one of the following:- In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup > Mutual Funds > Create Master Fund. - In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup > Mutual Funds > Create Master Fund.
     You see the Create Master Fund panel. If you previously created the fund, you can select the Edit Master Fund/Sector panel to change the options.
3.    Complete the Expense Fields group of options on the Create Master Fund panel.
4.    Click Submit.