Establishing Billing Groups
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 Settings
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 ...
Locking the Billing Period
Locking the Billing Period prevents further changes to all billing events during the set billing interval. 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 ...
Billing Reconciliation Report
The Billing Reconciliation Report allows you to compare the calculated fees from the Billing Engine with the actual fees that were deducted from the account. To view the report, navigate to Run Business > Revenue > Reports and select a billing period ...
Creating a Billing Household
Billing Households allow you to combine any Clients or Accounts that you want to bill as a single unit. If you wish to household clients only for Performance reporting purposes, see Householding Clients for more details. To create a Billing ...
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 ...