Adjust Waiver Postings

In the Create Expense or Waiver Adjustment panel, you can adjust basic waiver postings after processing expense accruals for the fund. You can adjust waivers on any open accounting date for any dollar amount.

To adjust waiver 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.
Specify the entity, accounting basis, and share class for the waiver you want to adjust.
In the Adjustment Fee Type list, select Waiver.
In the Waiver Account box, select the account you want to adjust.
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. The adjustment applies to an expense. Waiver. The adjustment applies to a basic waiver. To adjust postings for special waivers such as assumption fees and waterfall waivers, use the Create Reimbursement/Special Waiver Adjustment panel.
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.