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Ignore Percentage Billing Group Adjustments

This billing definitions setting is intended for firms that apply multiple billing definitions as well as billing group discounts to a billing group. If your firm applies multiple billing definitions to one billing group, select Ignore percentage billing group adjustments at the definition level to ignore any billing group adjustments that are a percentage fee.

This applies only when the billing group adjustment is a percentage.

For example, Cherry Street Financial bills Georgia Abbey with a billing definition that includes a standard billing group definition and an additional billing definition that gives a percentage credit for accounts holding certain mutual funds. They select Ignore percentage billing group adjustments to apply the adjustment only to the standard billing definition, not to the subsequent definition for a mutual fund discount.

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

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