To create a Fund Fee Type:
- Go to Admin Fees from the Home page.
- Select Fund Fee Types from the left-side menu.
- Click Create
- Enter the Name of the Fund Fee Type.
- To the right of Fee Type, click the drop-down arrow to select how your Fund Fee Type is calculated (flat_fee, percent, percent_range).
- Flat Fee ($250 per year, $5 per grant, etc.)
- Percent (1% of the balance on endowment quarterly, yearly or monthly, or 1% of each transaction, etc.)
- Percent Range (1% on $0-49,999 funds, 0.5% on $50,000-250,000 funds, etc.)
- To the right of Apply Fee, click the drop-down arrow to select when the Fund Fee Type should be charged.
- Apply Fee options:
- Monthly
- Quarterly
- Yearly (on Dec 31)
- Fiscal Year
- Bi-Annual
- Bi-Annual Fiscal Year
- Per Grant from the Fund (ea_grant)
- Per Internal Grant from the Fund (ea_int_grant)
- Per Donation to the Fund (ea_donation)
- Per Internal Donation to the Fund (ea_int_donat)
- Per Public Securities/Stock Donation (ea_stock)
- Per Voucher paid by the Fund (ea_voucher)
- Per Invoice (ea_invoice)
- Apply Fee options:
- Enter the Receiving Fund, if different from the default. This is the fund that will receive admin fee revenue for this fund fee type.
- The default is the fund set on the Set Admin Fee Fund Page.
- Enter the Revenue Account, if different from the default.
- The default is is the Admin Fee Revenue account set on the System Default Accounts page.
- Click Create.
- Next, edit the fund fee type.