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Pay Management fees

Management fees are fees paid to professionals entrusted with managing investments on a client's behalf. Typical management fees are taken as a percentage of the total assets under management or profit per period.

Note:
Management fees are normally calculated at the end of or for a defined period range. The only limitation is that you should not calculate Management fees for dates before the last calculation for instance if the last interest calculation date was "30 December 2022", you can only calculate Management fees after this date.

 

How to make payment for Management fees

To make payments for Management fees you go to Accounts/Pay Management fees and the following screen appears:

The report details will look like one below:

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