Specific asset accounts can be excluded from admin fee balance calculations unless you are using average trailing quarters. Then this functionality is not available.
Bank and investment accounts are used to calculate admin fees. If the Use Average Daily Balance setting is enabled for a specific fund fee type, then CommunitySuite will look at all asset accounts when calculating the admin fees for that fund fee type unless an asset account was specifically excluded.
Add an Exclusion
- Navigate to the Admin Fee page and click Fund Fee Types in the left-side menu.
- Click the ID of the Fund Fee Type.
- Click Add Exclude Account in the left-side menu.
- Click the Account that you want to exclude from the balance calculation.
The selected account(s) will now be listed under Exclude Account Balances and will no longer be included during the fee calculation for that particular fund.