Client Billing is Now Available!

We are proud to announce that today we have released the long-awaited Client Billing module for AdviceCloud! Billing in AdviceCloud allows you to create and assign fee structures and other billing customizations to your households and accounts. You can then create billing reports based on your firm's preferred billing cycle that calculate all of your clients' fees automatically. Export an account fee file that you then upload to your custodian's web portal in order to extract those fees into your firm's master account. Generate and download invoices for each household.

Billing is an important process for any advisory firm, as it's the primary revenue stream for an RIA. Calculating fees is a long and error-prone process if you are having to do it manually. Billing with AdviceCloud is quick and simple. We allow you to mix and match different fee structures across all of your client households and their accounts. If you'd like to bill some clients on a tiered structure, but others on a flat rate, you can do that without hassle using AdviceCloud. If you'd like to bill some clients monthly and others on a yearly basis, you can do that as well. No matter the number of combinations of fee structures that you use across your firm, creating a billing report requires only a few clicks in AdviceCloud.

If you are interested in learning more about how AdviceCloud can help automate not just your firm's billing, but many other aspects of client and portfolio management, please schedule a demo with our team today.