Advisor Expenses to be billed back to a Fund should be recorded in the Advisor Expense section of the Funds page. These expenses will appear as line items in Aduro invoices to clients.
TABLE OF CONTENTS
- Accessing the Advisor Expense page
- New Advisor Expense Fields
- Advisor Expense Detail
- Historical Advisor Expenses
Accessing the Advisor Expense page
- In Investor Relations, navigate to the Funds tab and scroll to the bottom to find Advisor Expenses.
- Click the New Advisor Expense button.
New Advisor Expense Fields
- Fund is the name of the Fund the expense will be billed to. When you access the New Advisor Expense window from the Fund page, the applicable Fund will populate in the Fund field.
- Category is the category of the expense selected from the following:
- ADV fees
- Compliance
- Expense reimbursement
- Hourly billings
- Passthrough
- Registration & filing fees
- Description is a brief description of the expense (limit 255 characters).
- Charge Account is the account the expense was charged to selected from the following:
- AMEX
- BREX
- N/A
- Advisor Name is the name of the team member recording the expense.
- Notes is the entry for any additional information to record about the expense
- Quantity (Hours or LPs) is:
- The number of Hours for Hourly billings
- The number of LPs for Compliance expenses
- Rate Per / (Hour or LP) if the expense item is calculated by rate per Hour or LP
- The rate charged per hour for Hourly billings
- The rate charged per LP for Compliance expenses
- Total Cost is the total cost of the Expense
- Date is the date the expense was incurred
Advisor Expense Detail
- Once the Advisor Expense has been saved, the Advisor Expense detail will open to reflect all the entered data, the date the expense was created, and the date the expense was last modified.
- The Invoice Line Item Preview will display to show you how the expense will display as a Line Item description on an Invoice.
Attach a File to the Expense
- Once the New Advisor Expense is saved, files can be attached to the expense from the Advisor Expense detail.
- In the Notes & Attachments section, click Attach File.
- Follow the steps outlined in the Attach File window and click done to return to the Advisor Expense detail.
Historical Advisor Expenses
- Once an Advisor Expense has been saved it will display in the Advisor Expenses window of the Funds tab along will all historical Advisor Expenses for the fund.
- Historical expenses can be edited or deleted from the Advisor Expenses window.
