New Household Billing

When new households are created within Orion they are automatically assigned certain billing default settings. Please review the following for all new households and accounts to make sure that they are billed properly. This can be done in either Portfolio Audit or Billing Audit.

Household Level Edit Screen:

Confirm that the client is assigned to the correct Representative if applicable.

Assign the Statement Deliver Method

In the Billing Section, confirm that the status is set to Hold if not billing the client and Ready to Bill if you would like a bill to be generated.

Account Level Edit Screen:

• In the Billing- General screen confirm that there is a fee schedule assigned.
• In the Billing- General screen confirm that the Style, Frequency, Valuation Method, and Cycle Month are correct.
• Confirm if the account should have any one time or recurring adjustments. Add One time adjustments in the General Account section and recurring adjustments in the Recurring Adjustments section.

Asset Level Edit Screen:

• Check the Exclude from Billing Fees and Payout box in the Billing General section if any assets should be excluded from the bill market value. You can also exclude percentages if needed.