There are two places for Enterprise Fund clients to add Management Fees and for different reasons, as explained below:
- Portfolio Management Transactions tab (also via the Add New...Transaction button on sidebar) - the Fund pays $ to the fund manager out of cash the Fund has on hand. These Management Fees can also be viewed / edited in the Transaction Register.
- Fund Management Investor Transactions tab - LPs pay $ directly to the fund manager (particularly when different LPs pay different fees), meaning that the cash never gets to the Fund.
The economic results are similar, but the accounting is different for these two methods.