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Manage Permissions for Billing

Contents

Introduction

The Billing tab in User Management designates which firm users should be included in the payee list for payout distributions at the account level. It is also where user-level payout distributions are designated.

As an administrator, you can use this tab to make a user available for payout distributions and add payout percentages for those users.

This section discusses user-level payout distributions. To learn more about account-level payout distributions, see Maintaining Accounts: The Billing Settings Panel.

To learn more about why you would set up payout distributions on the account level versus on the user level, see Setting Up Payout Distributions.

Designate Payout Distributions for a User

Payout distributions can be added at the account level and, optionally, at the user level. They are used to keep track of where revenue goes within your firm. With payout distributions, you designate how much of the revenue from the billed amount goes to the advisor, the firm, a third party like the custodian, or any other recipient. Then you can view the resulting revenue data in the dynamic Firm Revenue report.

Set a User's Payout Percentage

To set a user's payout percentage:

1. On the Setup menu, click User Management.

2. In the Manage list, select Users.

   

3. Click Edit for the user who you want to set payout distributions for.

4. Click the Billing tab.

5. Under Available Settings, edit the desired settings.

   

   Setting	Details
   Available for Payout Distribution	This setting adds the user to the Payee list in the payout distributions section of an account's Billing settings.
   Payout Start Date	This setting lets you determine when the payout distribution for the specific account will take effect. By default, 100% of the payout distributions are set to the user from inception. When you designate other payout percentages by adding rows, the user's payout is adjusted according to the date and percentage indicated in each row.
   Payout Percentage	This setting allows you to designate the percentage value the payee will receive based on the total management fees attributed to the payee after the firm's payout. The percentage attributable to the firm will be the remainder.
   Add Row	This button allows you to add a new payout percentage row for that user.
   Remove	This link removes the row.

6. Click << Update.

7. Click Save.