Blueleaf Billing: Fee Collection

This article covers the steps for setting up a Payment Account. This will specify the specific account you want a fee to be debited from.

Choosing Where a Fee Is Drawn From

The Debit column on each account row decides which account the fee comes out of.

1. Go to the Clients & Accounts page
2. Select the client, and find the account in the accounts table
3. Open the dropdown in the Debit column

Three choices to select:

This Account: The fee is drawn from the account that earned it.

An account number: The list holds every other account belonging to the same client. Pick one and the fee is drawn from that account instead.

Bill to Client: No account is debited. 

The choice saves as soon as you make it.

To assign "Debit Account" or "Bill to Client" in bulk:

The same dropdown is on the Accounts tab of the Grid view, if you would rather work across accounts in bulk.

1. Open the Grid view then select the Accounts tab. 
2. Click the rows, choose Bill to Client or Debit Account from the action list
3. Click Apply

Checking it worked:

Open Fee Breakdown on the client and look at "Account Details".

In the Fee Breakdown, the Account Details table shows a dash in the Debit Amount column for an account whose fee is drawn elsewhere or billed to the client. The account collecting the fee shows the combined amount. The fee is still calculated on the account you billed. Only the collection moves, so a Fidelity account can settle a fee assessed on a Schwab account.

On an approved run, the Exports tab previews one custodian at a time, and a paying account sits under its own custodian. A dot beside a debit amount marks a total that includes fees redirected from other accounts.

A run holds the routing that applied when its fees were calculated, so set the Debit column before you create the run.

Need help? Email vipsupport@blueleaf.com with any billing questions, feedback, or issues.