Establishing Billing Groups
Billing Groups allow a firm to create separate sets of accounts that operate under different billing rules from each other. Each Billing Group has its own settings configured in the Billing Settings section.
Billing Groups are a type of Subtenant.
To create a new Billing Group, see Creating and Configuring Subtenants, and select the Billing style Subtenant during the creation process.
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Billing and Revenue Overview
The AdvisorEngine Portfolio Management Suite contains a robust billing engine that allows you to set broad billing settings to your firm’s preferences while fine tuning the billing settings for any client or account as needed. Calculations are made ...
Billing Settings
Billing Settings control the default behavior of the billing engine calculations that are run whenever Fee Billing Invoices are generated. These settings, along with Fee Schedules, Discounts, and Exclusions determine how much each account is billed ...
Locking the Billing Period
Locking the Billing Period prevents further changes to all billing records during the set billing period. This will need to be done monthly or quarterly depending on the firm’s billing frequency setting. Locking the billing period is a required step ...
Advance Fee Billing Adjustments
Advisors using Advance billing have the option to calculate retroactive adjustments to the fees already charged for the previous period. These adjustments can be triggered by inflows/outflows that exceed a threshold specified in the billing ...
Creating a Billing Household
Billing Households allow you to combine any Clients or Accounts that you want to bill as a single unit. If your fee schedule(s) use cliff or blended tiers, the total of the household’s accounts are used to determine which tiers apply. If you wish to ...