Blueleaf Billing: Fee Collection

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. This is the default.

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. The two accounts do not have to sit at the same custodian.

Bill to Client: No account is debited. 

The choice saves as soon as you make it.

To assign 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

In 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.

Billing an Account at One Custodian and Drawing the Fee from Another

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.

1) Go to Clients & Accounts

2) Select the client, and find the account in the accounts table 

3) Open the dropdown in the account’s Debit column.

The list holds the account you are viewing as well as every other account under the client by account number, and Bill to Client. The change saves as you pick it.

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

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.

Checking it worked

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

The billed account shows its Fee Assessed and a dash in Debit Amount. The paying account shows the combined Debit Amount. An account that only receives fees and holds none of its own appears with dashes in Billable Value and Fee Assessed.

On an approved run, the Exports tab previews the same routing. It shows 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.