The following broad options are available in Billing Settings. Alternate Billing Groups (also known as Billing Subtenants) may be established to have different configurations of these rules for different scenarios. See Creating and Configuring Subtentants for more information.
Billing settings are reached by navigating to Run Business > Billing and clicking the control in the upper left.
Accounting Method
Currently the Accounting Method should be set to Total Account only. Sleeves is not a supported option.
Billing Method
Select whether to bill in Arrears (skip next two settings) or Advance (configure Adjustment Frequency and Adjustment Settings below). For details on how adjustments happen for Advance billing, see Advance Fee Billing Adjustments.
Adjustment Frequency
If billing in advance, set whether the billed amount will be adjusted Monthly or Quarterly.
Adjustment Settings
Set which events, if any, will flag a billing adjustment: Account Opening, Account Closing, and/or Money Flows of a Minimum amount or more.
Account Balance to Bill On
Set to bill on the Average Daily Balance (to ensure pro-rated billing) or just the Period End Balance.
Billing Period
Set whether to bill Monthly or Quarterly.
Fee Types
Set the fee types you collect. Note that you may only choose either Total or a combination of the remaining three options. If you use Fidelity or Pershing custodial integration, set the Credit Account the fees are sent to and the Credit Account’s Source Code.
Account Billing Start
Set when to start billing for an account by default:
Outside Managed Accounts
Determine how to use Outside Managed Accounts for fee billing. This option will appear once for each outside data feed enabled (such as DST or MX) and must be selected for each feed. The default setting for each feed is Exclude from billing.
1 Full continuity of data is required for Average Daily Billing. AdvisorEngine recommends Month-End billing for households with Outside Managed accounts. If Average Daily is used, account total market values should be verified for accuracy. Contact AdvisorEngine Support for details.