What's the difference between a Portfolio Management Fee and a Fund Management Fee?

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 the sidebar) - This approach is used when the Fund pays money to the fund manager out of cash the Fund has on hand. The cash is allocated from the capital committed on a pro rata basis across investors based on their % ownership in the fund, as shown in Fund Management. These "Portfolio" Management Fees can also be viewed / edited in the Transaction Register. They are included in the calculation of Fees and Total Cash In on the Dashboard and Portfolio Analysis / Key Metrics table, along with investment fees. They are also shown on the Portfolio Analysis / Investor Metrics table.
• Fund Management / Investor Transactions tab - This approach is used when investors / LPs pay management fees directly to the fund in addition to committed capital. These "Fund" Management Fees can also be added / viewed / edited in Fund Management / Investor Transactions. They are included in the calculation of Direct Management Fees and Paid-in Capital on the Portfolio Analysis / Investor Metrics table.

The economic results are similar, but the accounting is different for these two methods.