The Billing Process
The Billing Process in BillFin Using Uploads
Please REMEMBER to add/assign any new accounts and set them up for billing prior to beginning the billing process. This article has instructions for uploading new accounts. Step 1: Upload Asset Values and Transactions - Go the Fees page - Make sure ...
Manual Billing (One-time Fee Statement or Ad Hoc Billing)
Manual billing allows for users to create a one-time fee (e.g. Tax Planning Fee, Financial Planning Fee) or rebate on the "Fees" page for a client. All fees created using Manual Billing will create a separate invoice on the Invoices page as well as ...
Missing Asset Values, Missing Fees, Missing Invoice
What do I do if I am missing an invoice, fee, or asset values? We are often asked why a client is missing a fee and/or doesn’t have an invoice. BillFin will not calculate an incomplete fee for any client. Every account must have an asset value. ...
The Billing Process in BillFin Using a Connector
Please REMEMBER to add/assign any new accounts and set them up for billing prior to beginning the billing process. This article has instructions for syncing in new accounts. Step 1: Sync Asset Values and Transactions - Go the Fees page - Make sure ...
Alerts/Flags/Reminders - Why do I see Red Flags? How do I handle them?
There are 3 reasons for a red flag, or 3 types of red flags. The first reason/type is that a user added a reminder manually. The other 2 types are automated alerts that BillFin creates to notify users of client errors and/or updates for users to ...
How to Customize the Payment File Export
Each Custodian has requirements that firms must follow to upload their fees. Here are steps to customize your payment file to meet those requirements in BillFin. Customize Payment File - Navigate to the Payments page - Filter to the custodian for ...
How to Adjust a Fee Manually
Sometimes users need to adjust the fee BillFin calculates. They can increase or reduce the calculated fee using the steps below. Similarly, the steps below can be used to assess a one-time fee in addition to the fee that BillFin calculates. To Adjust ...
How to Add or Edit a Billable Asset Manually
To Add or Edit a Billable Asset Manually: - Go to the Fees page - Make sure you are looking at the correct billing period - Hover over the pencil next to the client and click "Edit Billable Assets" A slideout window will appear - Enter Market Values ...
How to Check the Date of Valuations
To Check Date of Valuations in BillFin: On the Fees page click on View Fee Calculation in the pencil menu for any client Clicking on the billable values in the Account Details table of the slideout window When you click on the values, more data will ...