Overriding Account Billing Dates or Adding Lock Dates

Overriding Account Billing Dates or Adding Lock Dates

Under Billing Settings, a firm can control whether new accounts automatically start to be billed on Account Open Date, Initial Funding Date, or First Purchase Date.

If needed, it is possible to override an account’s billing start date, as well as to assign an end date for billing.

For firms billing in Arrears using Ending Market Value, a billing period interrupted by a sizable flow can be broken into two smaller, separately-billed periods to ensure fairer billing. This can be done by adding a Lock Point date on of the day of the flow. The billed amount is then calculated using the amount the day before the lockpoint, and then the period end balance, each prorated for the number of days within the period they applied, and then totalled.

  1. Navigate to Run Business > Billing.
  2. Click Account Date Settings from the top controls.
  3. Search for and select the Account to override dates for.
  4. Enter a Start Date Override, End Date Override, and/or Lock Points as needed.
  5. Click Save.
Caution: if you are setting the end date for an account that has been closed, set the End Date to the last date the account had value.

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