Adjust Expense Postings

After processing expense accruals for the fund, you can adjust fixed or variable expense postings using the Create Expense or Waiver Adjustment panel. You can adjust expenses on any open accounting date for any dollar amount. 

You can also use this panel to adjust basic waiver postings. To adjust postings for reimbursements or special waivers, you can use the Create Reimbursement/Special Waiver Adjustment panel.

To adjust expense postings:

1. 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.

2. Specify the entity, accounting basis, and share class for the expense you want to adjust. 

3. In the Adjustment Fee Type list, select Expense. 

4. In the Expense Account box, select the account you want to adjust. 

5. Complete the remaining options in the Create Expense or Waiver Adjustment panel.
   All fields, with the exception of the Ledger Notes field, are required.

6. Click Submit.