Manage Variable Group Rate Fees

Owned by Nancy Cohn (Deactivated)
Last updated: Mar 07, 2024
3 min read

Retail management fees allow you to calculate a daily expense using a combination of a fixed individual fee rate and a variable group fee rate that uses month-to-date average net assets. You can use the Variable Group Rate Fee panels to set up and maintain variable group rate fees.

The group fee rate is a fixed rate, and does not allow you to add multiple rates in tiers.

Create a Variable Group Rate Fee

In the Create Variable Group Rate Fee panel, you can define a group fee rate for use by a retail management fee. 

To add a variable group fee rate

  1. In Accounting Center, in the left navigation pane, click Setup > Expense > Retail Management Fee > Create Variable Group Rate Fee.
    You see the Create Variable Group Rate Fee panel.

  2. In the Group Fee Rate ID field, enter the name of the variable group fee rate.

  3. In the Group Fee Rate field, specify the group fee rate.

    Create Variable Group Rate Fee panel

  4. Click Submit. 

Edit a Variable Group Rate Fee

In the Edit Variable Group Rate Fee panel, you can change a variable group fee rate.

To edit a variable group fee rate:

  1. In Accounting Center, in the left navigation pane, click Setup > Expense > Retail Management Fee > Edit Variable Group Rate Fee.
    You see the Edit Variable Group Rate Fee panel.

  2. In the Group Fee Rate ID list, select the name of the variable group fee rate.

  3. In the Group Fee Rate box, you can change the value for the group fee rate. 

  4. Click Submit.

List Variable Group Rate Fees

In the List Variable Group Rate Fee panel, you can view a list of variable group fee rates.

To list variable group rate fees:

  1. In Accounting Center, in the left navigation pane, click Setup > Expense > Retail Management Fee > List Variable Group Rate Fee.
    You see the List Variable Group Rate Fee panel.

  2. In the Group Fee Rate ID list, select the name of the variable group rate fee that you want to view.
    Otherwise, leave the field blank to view all variable group rate fees.

  3. Under Result Options, click Grid or Advanced Report for the report view you want.

  4. Click Submit.
    The report results appear on your desktop for the view selected. If you selected Grid, you see information for the variable group fee rates that met your criteria in the Show All tab. 

List Variable Group Rate Fee History

In the List Variable Group Rate Fee History panel, you can display historical information for a list of variable group fee rates. You can use this panel to view variable group fee rates that existed and/or were in effect at a certain time.

To list variable group rate fee history:

  1. In Accounting Center, in the left navigation pane, click Setup > Expense > Retail Management Fee > List Variable Group Rate Fee History.
    You see the List Variable Group Rate Fee History panel.

  2. In the Group Fee Rate ID list, select the name of the group fee rate that you want to view.

  3. In the Report Start Date and Report End Date fields, enter the beginning and ending dates for the history you want to view. 

  4. Under Result Options, click Grid or Advanced Report for the report view you want.

  5. Click Submit.
    If you selected Grid, you see the history for the variable group fee rates that met your criteria in the Show All tab. You can view the trade date and the update date for each variable group rate fee row that met your criteria.
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