Create a Security Level Expense

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

In the Create Security Level Expense panel, you can add a security level expense. You must identify the entity, the security, and the beginning accrual date to use for the expense. For example, you set up a security level expense for Small Cap Stock Fund for equity Shell Canada Ltd with an Accrual beginning Date of 09/01/2018. This means the security level expense is based on the equity Shell Canada Ltd, and the Small Cap Stock Fund must hold that equity before the expense accrues. Small Cap Stock Fund must have a position in Shell Canada Ltd on — or before and up to — 08/31/2018.

To create a security level expense:

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

  2. Complete the options in the Create Security Level Expense panel.

  3. Click Submit.
    You are ready to process the expense accruals by running the accrual process. For more information, see Run Expense Accruals. After processing expense accruals for the fund, you can adjust security level expense postings. For more information, see Adjust Expense Postings.