Run Expense Accruals for Performance Fees
- Nancy Cohn (Deactivated)
When you use performance fees, you process Current Period Variable Expense performance fee accruals on a daily basis, while you calculate Prior Period Budgeted Expense and Prior Period Estimated Budgeted Expense performance fee accruals on a monthly, quarterly, semi-annual or annual basis. Then the system either spreads the calculated fee amount over the next period or books it as a lump sum posted to the date it processes the performance fee accrual.Â
You can run accruals manually, schedule them, and/or use Automated Event Wrapper to run them. For information about running accruals manually, see Run Expense Accruals. During global processing, the system processes performance fees to calculate and post a performance fee amount to the accounting general ledger.
For examples that describe how the expense accrual process fits into the workflow for each type of performance fee, see:Â
Current Period Variable Expense Performance Fee Workflow Example
Prior Period Budgeted Expense Performance Fee Workflow Example
Prior Period Estimated Budgeted Expense Performance Fee Workflow Example Â