Billing Statement

Previous balance

Previous balance: Balance from last statement.

Payment

Payment date: Date the payment was made.

Payment method: Method of payment.

Reference number: Reference number of payment, if applicable.

Amount: Paid amount.

Billable services

Description: Description of charge.

Date: Date the charge item occurred.

Billable hours: Billable hours for this billing item.

Hourly rate: Per hour rate charged to the client.

Amount: Dollar amount of charge.

Service charge

Description: Description of charge.

Date: Date the service charge item occurred.

Amount: Dollar amount of charge.

Management Fees

Billing date: Date the charge item occurred.

Billable balance: Billable balance for this management fee item.

Effective rate: Effective rate for management fee charged to the client. This is calculated from the ratio of amount billed to the billable balance.

Amount: Amount of fee. This is calculated based on balance, rate, and discount.

(Management Fees) Allocated to account

Account name: Name of account.

Account owner: Owner of account.

Account number: Number of account.

Billable balance: Billable balance for this account.

Amount: Amount. This is the total management fees distributed to each account by its weight.

Adjustment

Date: Date adjustment was charged or credited to account.

Adjustment type: Type of adjustment.

Adjustment amount: Amount of adjustment.

Total Amount Due

Upon receipt: Total amount due. This is the sum of the amount from the previous six sections.

 

To generate a billing statement