Best Practices: Checklist for Period-End

In an effort to provide further transparency and context surrounding the Period-End Billing and Reporting process, please review the following checklist. This is a summary of all the detail provided within this section of the knowledge base.

Step 1: Quarter End Dashboard

Whether you bill monthly or quarterly you will want to start the process in the Quarter End Dashboard app within Orion. This app will allow you to launch a dashboard full of audits that should be reviewed and signed off prior to launching your live bills and running reports to ensure accuracy.

Step 2: Running Mock Bills

This article will walk you through running mock bills to review for accuracy prior to your live bill. We recommend running at least one mock bill instance in the last week of the quarter or month to review your clients' billed market value and estimated amounts due.

Step 3: Marking Cash Flows - For Advance Billers Only

If you are billing in advance you will want to review this article that walks through how to mark transactions to pick up any mid quarter/month cash flows.

Step 4: Final Cleanup

This article highlights the important billing audits that should be reviewed to ensure that all accounts are billed accurately.

Step 5: Launch Billing Wizard

This article will walk you through running your live billing.

Step 6: Performance and/or Client Bills

Once your bill instance has been created you can run your client review statements or invoices from within the Orion Report Batch.

XYIS Billing for your Orion Database

This article will guide you through the process of XY's quarterly invoice calculation.

If you have any questions, please contact orion@xyinvestmentsolutions.com