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Bill At Single Rate

This setting allows you to assign one billing rate to the entire account.

Example

Let's say you set up the following rate tiers:

With single rate billing, a portfolio with the value of $1.5 million would be billed at a rate of .20 percent and a portfolio with the value of $5.5 million would be billed at a rate of .10 percent.

If you do not use single rate billing, a portfolio with the value of 1.5 million would be billed like this: the first $1 million would be billed at a rate of .25 percent, and the remaining $500 thousand would be billed at a rate of .20 percent.

Learn More

For more information on billing groups, see Understanding Billing Groups.

For more information on billing definitions, see Understanding Billing Definitions.