Close a Fixed Expense

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

To close a fixed expense:

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