Run Expense Accruals

After setting up expenses for the fund, you can process the expense accruals using the Run Expense Accruals panel in the Global Process workspace.

To run the expense accrual process:

In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes.
You see the Global Process workspace.
In the left navigation, click Expenses and Run Expense Accruals.
You see the Run Expense Accruals panel.
Complete the options on the Run Expense Accruals panel.
Click Submit.
The Loopbacks pane appears at the bottom of the panel, where you can review the global processing results.

The accrual selection in the following example uses a query option of One Entity / All Expenses. Based on this option, the system will accrue all expenses in the entity through September 28th. You can verify the query was successful by reviewing the information that is displayed in the Summary tab. For example, you can compare the total number of loopbacks that were generated with the total number of loopbacks that were processed.

Run Expense Accruals panel

Run Expense Accruals Panel Options

The following are the options in the Run Expense Accruals panel.

Option	Tag	Description
Accrue Expense
Select Query Option	2283	Specifies which entities and expenses to accrue. Options include: One Entity/One Expense. Accrues one expense for a particular master fund entity. One Entity/All Expenses. Accrues every valid expense in an entity. All Entities/One Expense. Accrues for every entity that has the designated expense. All Entities/All Expenses. Accrues every entity and each of their expenses across the system. Note this option can trigger a very large query against the database.
Entity ID	1163	Specifies the entity identifier for an entity or an expense group. This field appears when you select One Entity/One Expense and One Entity/All Expenses. NOTE: If you select an entity that participates in an expense group, be aware that the system processes expenses for all entities that participate in that expense group.
Entity Name	1164	Specifies the entity name for an entity or an expense group. This field appears when you select One Entity/One Expense and One Entity/All Expenses. NOTE: If you select an entity that participates in an expense group, be aware that the system processes expenses for all entities that participate in that expense group.
Accounting Basis	21	Specifies the accounting basis. If you leave this field blank, it applies to all accounting bases. This field appears when you select One Entity/One Expense and One Entity/All Expenses.
Share Class	34	Specifies the share class. A share class is a designation, usually alphabetic, given to a fund's shares. This field appears when you select One Entity/One Expense, and One Entity/All Expenses.
Expense Account	3252	Specifies a valid expense account. If you leave this field blank, it applies to all expense accounts. This field appears when you select One Entity/One Expense
Effective Date	35	Specifies the effective date.
Accounting Date	36	Specifies the accounting date. This field appears when you select One Entity/One Expense and One Entity/All Expenses.
Conversion Value	3914	Specifies the conversion status of entities you want to process. This field appears when you select All Entities/One Expense and All Entities/All Expenses.
NAV Component	3256	Specifies the NAV component. Options include: All. The system accrues all expenses except expense based expenses and taxable expenses. All Except Current Day NAV Component. The system accrues all expenses except those with a NAV Component value of Adjusted Net Assets, Current Day's Outstanding Shares, Current Day's Settled Shares, and expense based expenses. Current Day NAV Component only. The system accrues only expenses with NAV components of Adjusted Net Assets, Current Day's Outstanding Shares, Current Day's Settled Shares, Ledger Based NAV, and User Defined NAV. Average Net Assets only. The system accrues only expenses with a NAV Component value of Average Net Assets. Expense Based Expense only. The system accrues only expense based expenses. Prior Net Assets only. If you process accruals for an expense group and select Prior Net Assets Only, the system processes only group expenses where all entities have prior day NAV components. Tax Expense Only. The system accrues only taxable expenses. Ledger Based NAV only. The system accrues only expenses with a NAV Component value of Ledger Based NAV. User Defined NAV only. The system accrues only expenses with a NAV Component value of User Defined NAV. WRITERS NOTE: Needs review.
Process Center	4896	Specifies the process center. This field appears when you select All Entities/One Expense and All Entities/All Expenses.
Domestic/Foreign Processing Indicator	10706	Indicates whether expense accruals are domestic or foreign. Options include: Domestic Only (Local Currency = Base Currency) Foreign Only (Local Currency Not = Base Currency)
Exchange Rate Source	514	Specifies a valid exchange rate source. This field appears when you select All Entities/One Expense and All Entities/All Expenses.
Partition Number	95	Specifies the physical partition. This field appears when you select All Entities/One Expense and All Entities/All Expenses.