In the Create Master Fund panel and the Edit Master Fund/Sector panel, there are several expense related fields that impact expense processing. These fields determine whether you can do the following:
■ Book budgeted and variable expense payables against an offset account for expense payments.
■ Disable recoupment of expense reimbursements to the fund.
■ Replicate expense accruals and cash settlements across primary and secondary accounting bases.
To set up a fund for expense processing:
1. Do one of the following:- In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup > Mutual Funds > Create Master Fund. - In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup > Mutual Funds > Create Master Fund.
You see the Create Master Fund panel. If you previously created the fund, you can select the Edit Master Fund/Sector panel to change the options.
3. Complete the Expense Fields group of options on the Create Master Fund panel.
4. Click Submit.
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