Fee calculation workflows and statuses
FA Fund Management calculates fund fees and generates fee transactions when you calculate and accept NAV. If you need, you can also calculate fees between the regular NAV calculation dates, in addition to the regular NAV calculation schedule, you can use a separate schedule for fee calculation.
For example, if you have a fund that calculates NAV once a month, you can still schedule unofficial fee updates once a week to get intermediate fees.
Fee calculation workflow
You can set a separate schedule for calculating and accepting fees. The calculated fees are displayed in the NAV window (see NAV calculation details).
The statuses for the fee calculation workflow are:
- No action
No action needs to be taken today. All calculations are scheduled for the future.
- Pending fees
Fees need to be calculated today. If you didn’t calculate fees for the previous scheduled days, you need to calculate and accept them first to be able to calculate the current day’s fees.
- Fees calculated
Fees were already calculated today.
- Warning
Fees were calculated today with warnings that might need your attention.
- Fees rejected
Fee calculation result was rejected by the user. Fees need to be calculated again today.
- Fees accepted
Fee calculation result was accepted.
Non-scheduled calculations
You can calculate and accept fees outside the schedule, if this is required by your business process. To turn on this feature, allow non-scheduled calculations in the Fund wizard, Schedules tab (see Create a fund).