In Maybern, there are several ways to add offsettable expenses. This guide will show you how to do so in two separate places. In addition, this guide will show you how to apply offsets when posting fee accruals

One way to add an offsettable expense is directly through the fees dashboard. To get here, navigate to Fund Family → Fees

Scroll down to the Offsets table and click Add Offset

Select the offsettable expense and specify the amount of the offset

Note: If you would like to add a new offset code, please contact support

Select whether to apply to a specific entity, or to allocate across the fund family. Note that this step is optional and can be completed or changed when posting fee accruals. (Also optional) add any notes associated with the offset here

Click Add Offset

View the available offset in the Offsets chart on the Fees dashboard. At this point, this offset has not been applied to any fee posting so the Amount Posted will be $0

Follow the steps in the guide for Posting Fees to begin posting your fee accruals

On the page titled Apply offset expenses to fee posting you may apply outstanding offsets by checking the relevant box in the Fee Code column, which will enable the Total Amount Remaining

Enter the amount to apply to each entity OR the amount to allocate across the Fund Family by checking the Auto Allocate box. Note that you cannot enter amounts totaling a number greater than what is available for each offsettable expense

The Auto Allocate function allocates the amounts pro rata based on commitment amongst all the Fund Entities that are part of the Fund Family. This function applies mostly to Fund Families that have parallel funds. If the Fund Family contains a single, standalone Fund Entity, the Auto Allocate function becomes less relevant. The allocation can be overridden by unchecking the Auto Allocate box and entering user defined amounts for each Fund Entity

To apply an offset expense that has not yet been created to a fee posting, click Add Offset at the top right corner of the Apply Offsets chart

Select the offsettable expense and specify the amount of the offset

Select whether to apply to a specific entity, or to allocate across the fund family. Note that this step is optional and can be completed or changed when posting fee accruals. (Also optional) add any notes associated with the offset here

Click Add Offset

Again, enter the amount to apply to each entity OR the amount to allocate across the Fund Family by checking the Auto Allocate box. Note that you cannot enter amounts totaling a number greater than what is available for each offsettable expense

Click Continue to Review Fees

Scroll down to the offsets chart to see a breakdown of the amounts applied

For more information on how to finalize the fee posting, refer to the guide for Posting Fees