Setup fee accounts

Once all of the relevant fee control accounts have been created, they will need to be associated with control accounts that are used for different fee options e.g. establishment fees, management fees, etc. . 

1. To setup a fee account(s), navigate to Configuration > Organisational Structure:

2. Select the Warehousing Entities option, listed under the Entity section:

3. Select the warehousing entity from the the list provided for the intended legal entity where a fee account needs to be setup for: 

4. Once an entity has been selected, click on the Actions menu > Control Account > Setup Fee Accounts:

5. For the Fees Earned section, select the relevant Establishment Fee Account, Servicing Fee Account and Receivables Management Fee Account from the options in the dropdown list. Under the Fees Payable section, select the Fees Payable Account to use from the options in the dropdown list: 

Click on the Save button to complete setting up the fee accounts for the selected warehousing entity. 

6. Once you click on save you will be directed to Display Warehousing Entity page. To check the Control accounts and its transactions click on the control Account from the drop down at the bottom of the page or click on control Accounts tab if quick links are enabled. 

7. You can search for the control account and click on the account number to check the value of the transaction in the account by clicking the transaction tab in the Display control account page.

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