> For the complete documentation index, see [llms.txt](https://docs.enzyme.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.enzyme.finance/onyx-user-documentation/administration-app/vault/fee-management.md).

# Fee Management

**Distribute Fees** allows you to transfer collected fees to the addresses configured as Fee Recipients.

<figure><img src="https://3654548791-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FEa9gKZgFC4ELwy5PKFQp%2Fuploads%2FhGBQ031xsYkQtq6GkgXZ%2Fimage.png?alt=media&amp;token=bca2452e-c2ac-4d2d-ba7c-3f5952929e56" alt="" width="354"><figcaption></figcaption></figure>

## Total Fees Owed

Total Fees Owed consolidates all fees accrued based on the fee types you have configured.

{% hint style="info" %}
Learn more about Fees, [HERE](https://enzyme-finance.gitbook.io/onyx/enzyme-vault/fees).
{% endhint %}

{% hint style="warning" %}
**Total Fees Owed** represents the remaining fees owed that have not yet been distributed, rather than a life-to-date total.
{% endhint %}

## Available Liquidity

Available Liquidity refers to the funds currently held in the Vault smart contract.&#x20;

{% hint style="success" %}
**Why would Total Fees Owed differ from Available Liquidity?** \
\
1\) Fees are not automatically transferred to the Vault smart contract. They remain in your Management environment and must first be transferred to the Vault smart contract before being processed processed.\
\
2\) Fees can be distributed using any liquidity available in the smart contract (*for example, funds collected from deposits*). However, liquidity may still fall short.
{% endhint %}

## Distributing Fees

1\) Select the Fee Recipient\
2\) Select the amount according to the Available Liquidity and Total Fees Owed\
3\) Confirm with **Distribute Fees**\
\
The process of distributing fees is an on-chain transaction :\
:arrow\_forward: Only Vault Owner and Vault Admins can execute such commands using their Owner Wallet and Admin Wallets\
:arrow\_forward: Triggers a transaction to approve in the wallet interface of either the Owner Wallet or the Admin Wallet executing the transaction&#x20;


---

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