Close a Fixed Expense

In the Close Fixed Expense panel, you can close a fixed expense.

To close a fixed expense:

  1. In Accounting Center, in the left navigation pane, click Setup > Expense > Fixed Expense > Close Fixed Expense.
    You see the Close Fixed Expense panel.

  2. Complete the options on the Close Fixed Expense panel.

  3. Click Submit.

Closed Fixed Expense Panel Options

The following are the options in the Close Fixed Expense panel.

Option

Tag

Description

Option

Tag

Description

Fund Information

 

 

Entity ID

1163

Specifies the entity identifier

Entity Name

1164

Specifies entity name.

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 that was selected on the primary accounting basis.

Accrual Type Indicator

3200

Indicates whether expenses are fixed or spread over a period.

Accrual Beginning Date

220

Displays the accrual begin date.

Accrual Ending Date

221

Displays the accrual end date.

Effective Date

35

Specifies the effective date.

Accounting Date

36

Specifies the accounting date.

Fee Amount

3201

Displays the fee amount.

Earned Thru Date

461

Displays the earned thru date.

Calculation Frequency

518

Displays the calculation frequency.

Fee Currency

85

Displays the local currency in which the asset is denominated.

Calendar Business Days

824

Indicates whether business or calendar days are used. This field uses information stored at the entity level.

 
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