Create Group Expense Panel Options - Step 1 Setup Group Expense Details

In the Create Group Expense wizard's Step 1: Setup Group Expense Details panel, you can add a new group expense or add one or more group level expense rules for an existing group expense. The following are the options in the Create Group Expense wizard for Step 1: Setup Group Expense Details.

Option	Tag	Description

Option	Tag	Description
Fund Information
Select Type of Group Expense	7102	Indicates whether you are adding an expense group or adding expense information for an existing expense group. Options include: Add New Group Expense. Allows you to create a "shell" entity for the expense group and add group expense details for the new group. Add Expense Account to Existing Group Expense. Allows you to add group expense details for an existing expense group.
Group ID	1163	Specifies the entity identifier for the expense group. An expense group is a "shell" entity used in group level expense processing that has an entity type of EXPG. This field appears when you add a new group expense.
Group ID	1149	Specifies the entity identifier for the expense group. An expense group is a "shell" entity used in group level expense processing that has an entity type of EXPG. This field appears when you add group expense details for an existing group expense.
Group Name	1164	Specifies the entity name for the expense group. This field appears when you add a new group expense.
Group Name	9744	Specifies the entity name for the expense group. This field appears when you add group expense details for an existing group expense.
Accounting Basis	21	Displays the accounting basis for the expense group entity. An expense group entity has an accounting basis of EXPG.
Acct Currency	86	Specifies the base currency of the expense group entity. Each entity in the expense group has the same base currency and expenses accrue in that currency.
Process Center	4896	Specifies the expense group entity's process center. Each entity in the expense group has the same process center.
Partition Assignment
Entity Partition	1334	Specifies the segment of the database where you store the expense group entity transactions. Entity partitioning is used for strategic high volume clients that require partitioning of the ESTAR database schema. This field appears only if you are adding a new expense group. Eagle clients that do not use partitioning use the default value of 1.
Expense Information
Group Expense Type	2289	Indicates whether you are adding group expense details based on a fixed or variable expense. Additional fields appear based on the value you select. Options include: Fixed Group Expense Variable Group Expense
Primary Expense Account Name	3252	For a variable group expense, specifies a valid expense account. For a fixed group expense, specifies the receivable/account in which to post the accruals.
Rate Type	2290	Identifies the Accrual Type Indicator field (tag 3200) value for the fixed expenses in the entities that comprise the expense group. The accrual type indicator indicates whether expenses are fixed or spread over a period. Options include: Fixed Daily Accrual Spread Over Period
Fee Amount	3201	Specifies the amount you want to accrue for fixed expenses. For example, suppose you set the Accrual Type Indicator field to Fixed Daily Accrual and you enter an amount of $50.00. An expense accrual of $50.00 per day begins as of the start date of the expense. If you set the Accrual Type Indicator field to Spread Over Period, the amount is spread out and accrued between the start and end date of the expense. The amount can be a positive or negative integer. The system calculates the amount to post on each date using the value in the (hidden) Calculation Frequency field, which is always Daily for group expenses.
Accrual Beginning Date	220	Specifies the accrual begin date.
Accrual Ending Date	221	Specifies the accrual end date for the fixed group expense. An end date is only required when the accrual type is spread over a period.
Tier Id	3255	Specifies the expense tier for the variable group expense.
Fee Currency	85	Specifies the local currency in which the asset is denominated.
Calendar/Business Days	824	Displays whether business or calendar days are used. This field is populated by information stored at the entity level.
Expense Group	2993	Displays the entity ID of the selected expense group.
Minimum Fee Amount	3254	Specifies the minimum fee applied if a daily accrual fails to meet the minimum. This field is optional and applies to variable group expenses. If you enter a value for the Minimum Fee Amount and Minimum Fee Frequency fields, the system compares the minimum fee amount with the actual fee accrued for the minimum fee frequency period. If the actual accrual does not meet the minimum, the system posts the minimum instead.
Minimum Fee Frequency	3253	Specifies the frequency of the minimum amount. This field applies to variable group expenses. This value is optional, but if you specify a minimum fee frequency, you must specify a corresponding minimum fee amount. If you enter a value for the Minimum Fee Amount and Minimum Fee Frequency fields, the system compares the minimum fee amount with the actual fee accrued for the minimum fee frequency period. If the actual accrual does not meet the minimum, the system posts the minimum instead. Options include: Daily Monthly Calendar Spread
Maximum Fee	11451	Specifies the maximum fee applied if a daily accrual exceeds the maximum. This field is optional and applies to variable group expenses. If you enter a value for the Maximum Fee and Maximum Fee Frequency fields, the system compares the maximum fee amount with the actual fee accrued for the maximum fee frequency period. If the actual accrual exceeds the maximum, the system posts the maximum instead.
Max Fee Frequency	11578	Specifies the frequency of the maximum amount. This field applies to variable group expenses. This value is optional, but if you specify a maximum fee frequency, you must specify a corresponding maximum fee amount. If you enter a value for the Maximum Fee and Maximum Fee Frequency fields, the system compares the maximum fee amount with the actual fee accrued for the maximum fee frequency period. If the actual accrual exceeds the maximum, the system posts the maximum instead. Options include: Daily Monthly Calendar Spread
Minimum/Maximum Fee Type	11870	Indicates whether the system calculates the minimum and/or maximum fee amounts for the group expense, if specified, at the group level or at the entity level. Options include: Group Fee. The minimum and maximum amounts apply to the group. Participant Fee. The minimum and maximum amounts apply to the fund.
Waiver Information
Expense Limit/Cap	4754	Allow you to choose a percentage of a variable expense to waive during the accrual process instead of accruing the full amount and reimbursing the fund if expenses over accrue during the accrual period.
Waiver Expiration Date	4755	Specifies the waiver expiration date for the variable expense.
Other Information
Accrual Update Option	12045	Defines the method for updating accruals related to the fixed group expense's monthly spread. Options include: Accrual Carry Forward. Selecting the Accrual Carry Forward option and choosing a Calculation Method of Monthly allows the system to carry over the fixed group expense amount from month to month. When the accrual process closes the current rule, it adds a rule for the next spread period. It uses the Calculation Method field value to calculate the period. <Null>. For a value of Manual (M) or a null value, the system does not carry over the fixed group expense amount from month to month.
Calculation Method	12072	Identifies the spread period for fixed group expenses that use a monthly calendar spread when you carry forward the expense from period to period. Monthly is the only available option.