Create Non-Distribution Schedules for Set Rate Distributions

Owned by Nancy Cohn (Deactivated)
Last updated: Mar 29, 2024
2 min read

In the Create Distribution Schedule panel, you can add a distribution schedule for use with set rate distributions. When you use set rate distributions, distribution schedules allow you to manage the non-distribution days in the distribution period. The system uses the non-distribution schedule to identify the days on which the set rate distribution process does not post a daily distribution. Set rate funds do not distribute income on the days following the last distribution payment date at the end of a calendar year but they still accrue expenses. For example, consider the 26th to 31st days of December. 

You can also use distribution schedules with other types of distributions. For general information about creating and maintaining distribution schedules, see Manage Distribution Schedules.

To create a non distribution schedule for set rate distributions:

  1. In Accounting Center, in the left navigation pane, click Setup > Fund Accounting > Distribution Schedules > Create Distribution Schedule.
    You see the Create Distribution Schedule panel.

  2. In the Entity Id and Entity Name fields, select the unique identifier and name of the master fund associated with the distribution schedule.

  3. In the Acctg Basis field, select the accounting basis associated with the distribution schedule.
    For set rate distributions, the system uses this accounting basis' expense balance to calculate the expense absorption during the non-distribution period. 

  4. In the Distribution Category list, click Non-Distribution.
    This indicates that distribution schedule applies to a non-distribution period for set rate distributions. 

  5. In the Non-Distribution Begin Date and Non-Distribution End Date fields, enter the beginning date and the ending date of the non-distribution period.

  6. In the Absorption Begin Date and Absorption End Date fields, enter the beginning date and ending date in which to absorb the calculated expense differential from the non-distribution period.
    If the absorption end date is not equal to the absorption begin date, the system divides the expense differential calculated by the appropriate number of days in the absorption period to post a daily expense absorption value. 

  7. Click Submit. 

Create Distribution Schedule Panel Options