Understand the Waiver Workflow

If you are using expense waivers: 

1. You can set up a waiver tier rule for a variable expense waiver. Use of waiver tier rules is optional. For details, see Manage Waiver Tier Rules. 

2. Do one of the following: 
   - Set up a variable expense where you select a Waiver Tier ID to identify the waver tier rule, a Waiver Account, the Expense Limit/Cap, and the Waiver Expiration Date. For descriptions of these Waiver Information fields, see Create Variable Expense Panel Options. 
   - Set up a group expense based on a variable expense where you can select an Expense Limit/Cap, the Waiver Expiration Date, and a Waiver Account. For descriptions of these Waiver Information fields, see Create Group Expense Panel Options - Step 1 Setup Group Expense Details and Create Group Expense Panel Options - Step 2 Add Funds to Group Expense.

3. Run expense accruals to process all total fund level and class level expenses. For details, see Run Expense Accruals.
   During processing, the system allocates total fund expenses down to the share classes.
   During processing, the system checks if the variable expense needs a waiver, and whether the waiver is associated with a waiver tier rule.
   Then: 
   - If the variable expense has a waiver with a waiver tier rule, the system calculates the waiver using the waiver tier rule and posts it.
   - If the variable expense has a waiver with no waiver tier rule, the system processes the waiver and posts it. 
   - If the variable expense has no waiver, the process completes.