PortfolioCenter Billing

PortfolioCenter offers a flexible, customizable billing module for calculating fees and creating statements for your clients using their portfolio values. This section helps you decide how to bill your client and set up your statements appropriately.

Understanding PortfolioCenter Billing

Understanding the terminology, billing methods, available in PortfolioCenter, and information needed to produce a billing statement will help you begin learning how to use PortfolioCenter to streamline your billing process.

Setting Up Billing Process

Setting up your billing tools appropriately can save you time at the end of the quarter.

Ongoing Billing Process

The quarterly billing process is divided into three major categories: preparing your data, calculating the fee and collecting the fee.

Quarterly Billing Process Checklist

Preparing Your Data for Billing

Before calculating fees for your clients, verify and validate your data

Calculating the Management Fees

Calculate and view the fees, and then create statements for your clients.

Collecting the Fees

PortfolioCenter provides various ways to record the collection of fees from your clients, from uploading fees to your custodian or entering the transactions manually.

Billing Scenarios

Through various combinations of billing spec settings, PortfolioCenter offers a wide array of billing scenarios. This section contains the most common scenarios, including billing spec settings and sample forms.

Arrears Billing Scenarios

This section has several methods for setting up billing specs when billing a client in arrears (for the previous period).

Total Portfolio, Single Rate, No Prorated Flows

Total Portfolio, Single Rate, Prorated Flows

Total Portfolio, Tiered Rates, No Prorated Flows

Total Portfolio, Tiered Rates, Prorated Flows

Total Portfolio, Average Daily Value, Single Rate, No Prorated Flows

Total Portfolio, Average Monthly Value, Single Rate, No Prorated Flows

Total Portfolio, Average Daily Value, Tiered Rates, No Prorated Flows

Total Portfolio, Average Monthly Value, Tiered Rates, No Prorated Flows

Prorating New Portfolios by Total Portfolio

Category, Tiered Rates, Prorated Flows

Advance Billing Scenarios

This section has several methods for setting up billing specs when billing a client in advance (for the upcoming period).

Total Portfolio, Single Rate, No Prorated Flows

Total Portfolio, Single Rate, Prorated Flows

Total Portfolio, Tiered Rates, No Prorated Flows

Total Portfolio, Tiered Rates, Prorated Flows

Prorating New Portfolios by Total Portfolio

Category, Tiered Rates, Prorated Flows

Special Billing Scenarios

This section gives you additional billing options you can use with any scenario.

Group Billing Scenarios

This section has several options for creating billing statements when billing a group or household. Any of these scenarios can be used with any of the arrears or advanced billing scenarios.

Group Billing Presentations Overview

Single Statement, No Allocations, Fee Deducted From One Account

Single Statement, Allocated Fees, Fees Deducted From One Account

Single Statement, Allocated Fees, Fees Deducted From Each Member

Statements for Each Member

Understanding Billing Calculations and Troubleshooting Tips

Use these documents to better understand the calculations you see on billing statements, the Billing Summary Report, or in the Bill History.

Understanding Calculations

This section describes common calculations, like adjustments for flows, and provides examples of those calculations.

Troubleshooting Tips

This section gives you tips and techniques for determining why a calculation appears to be incorrect.