Close Prospective Expense Adjustments

In the Close Expense Prospective panel, you can close a prospective expense adjustment or a prospective income adjustment for an entity to end the accrual. 

To close prospective expense and income adjustments for an entity:

1. In Accounting Center, in the left navigation pane, click Transactions > Expenses > Expense Adjustments > Close Expense Prospective .
   You see the Close Expense Prospective panel.

2. In the Entity ID, Entity Name, and Accounting Basis fields, specify the entity identifier, entity name, and accounting basis for the expense or income adjustments you want to close. 

3. In the Share Class field, select the share class for the adjustments you want to close.

4. In the Expense Account Name box, select the name of the expense account with adjustments you want to close. 
   The panel displays information for the adjustment you selected, including values for the Accrual Beginning Date, Accrual Amount, and Fee Currency.

5. In the Accrual Ending Date field, you can change the ending date for the adjustment accrual.

6. In the Effective Date field, specify the date that the accrual close becomes effective. 

7. In the Accounting Date field, you can specify the accounting date of the adjustment close. 

8. Click Submit.