Revised 08/21/2026
- Enable Funds for Net Asset Sweep Field
- Configure/Enable Net Asset Sweep (Accounting Settings)
- When Does Net Asset Sweep Run?
Enable Funds for Net Asset Sweep Field
While Net Asset Sweep is commonly used for non-endowed funds, participation is determined by the fund's Enable Net Asset Sweep field.
This field is found in the Net Asset Detail section of a Fund record:
When creating new funds, set the Enable Net Asset Sweep field appropriately, as it determines whether a fund is included in the Net Asset Sweep process.
Even if a fund has Enable Net Asset Sweep set to Yes, no sweep activity will occur unless the Net Asset Sweep feature is turned on and properly configured in Accounting Settings (steps in the following section)
Important: As of August 2026, Net Asset Sweep eligibility is no longer controlled by the Endowed field. The new Enable Net Asset Sweep field was introduced to manage participation independently of a fund's endowed status. This is especially useful for quasi-endowed funds that should participate in Net Asset Sweep while remaining marked as Endowed.
Configure/Enable Net Asset Sweep (Accounting Settings)
Net Asset Sweep will not run until it has been configured and enabled in Accounting Settings. For more information on Accounting Settings, please see akoyaGO with Accounting - Accounting Settings
To configure and enable Net Asset Sweep:
1. Navigate to Tools
2. Choose Accounting Settings
3. Open the Accounting Settings record.
4. On the Net Assets tab, set the following for Net Asset Sweep to occur automatically:
Once activated, this process will not post back to the General Ledger before the “Allow Posting From” date in the General Ledger Setup.
When Does Net Asset Sweep Run?
If enabled, this process automatically runs:
- Nightly
- After processing JIA
- After Fund Fee Assessment (if auto-post is enabled)