Manual Admin Fees are used to charge a one-time admin fee to the relevant fund. You can use a manual admin fee rather than having an admin fee type on a fund and then running the admin fees.
- Navigate to the fund to which the admin fee will be charged and click Manual Admin Fee in the left-side menu.
- Enter the applicable Create Admin Fees information, and then click Create.
- Charge Fund, Post Date, and Amount are required fields.
- Charge Fund - Fund to be charged.
- Post Date - Date the admin fee transactions will post.
- Description - Details about the admin fee.
- Receiving Fund - The fund that will receive the admin fee revenue.
- Expense Account - The expense account for this admin fee.
- Revenue Account - The revenue account for this admin fee.
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Amount - Amount to be charged.
- Charge Fund, Post Date, and Amount are required fields.
- Click Post in the left-side menu to post the admin fee.
The manual admin fee can also be used as a refund. To use it as such, put a negative amount for the admin fee.
If this is your first time running a manual admin fee as a refund, reach out to Support.