Create an Expense Reimbursement

In the Create Expense Reimbursement panel, you can add an expense reimbursement. Expense reimbursements allow you to cap the amount of expenses posted to a fund as a percentage of the fund's total net assets. If the expense activity exceeds the specified percentage, the system posts an offsetting entry to the Expense Reimbursement account for the excess amount.

To create an expense reimbursement:

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

2. Complete the options in the Create Expense Reimbursement panel.

3. Click Submit.
   You are ready to process the expense reimbursements by running the reimbursement process. For more information, see Run the Reimbursement Process.