Applying a One-Time Payment to Client, Account or Group

If a client remits a payment before it is due, you can enter this as a new billing item. This will be discounted from the Billing Summary generated during the period in which the payment is applied.

To apply a discount for a pre-payment made by a client, account or group to a Billing Summary (and the custodian fee file), do the following:

  1. From the Client Management or Portfolio Management tab, select the Billing page.

  2. From the Billings screen toolbar, click New Billing. The Billing dialog box opens.

  3. From the Billing Type drop-down field, be sure Payment is selected.

  4. Use the table below for instructions on how to fill out the fields in this dialog box.


Field Name Instructions
Client Name/Account Name/Group Select the name of the client, account or group to whom this payment credit will be applied. Only one item can be selected here.
Payment Date The date you received the payment from the client.
Payment Method Select the means by which the payment was received from the client.
Reference Number You can enter a reference number here for the transaction, such as a confirmation number when a credit card payment, or a check number.
Amount The dollar amount of the payment. This amount will be discounted from the client’s bill during the period identified in the Payment Date field.
Description Enter a note that will serve as a reminder as to why this item was created.

5.   Click Save + Close. The payment adjustment will be subtracted on any Billing Summary report or fee data files generated for the period covered.