How do I set up trailing quarter admin fees?

There are two elements to setting up the trailing quarter admin fees. One is setting up the fee code and the other is the calculation method.

You would set up the percentages and asset accounts for the trailing quarter fees in a similar manner as regular fees. Please see online help or a PDF version of the manual if you need to review those steps. The additional element in setting up the trailing quarters is:

1. Go to File Maintenance > Funds > Fund Code Maintenance > Administrative Fees
2. Open up the fee code you want to convert to trailing quarters or create a new one.
3. Click on the Asset Based radio button
4. In the middle you will see a box labeled Trailing Quarters, check the box.
5. Enter the number of quarters in the box that appears.
6. Save the fee code after entering the fee percentages and asset accounts as usual.
7. The trailing quarter selection should only be made for trailing quarter fee calculations.

To run the fee:

1. Select the Fund Module
2. Select the Processes tab
3. Run the Edit and Post Administrative Fee process
4. Make appropriate selections in the various dates and check boxes.
5. When running the trailing quarter fee code you must use Evaluation Method option #7 or #8

Because of the unique method of calculation, you must run these fees separately from non trailing quarter fees.