Onboarding Billing Checklist Current Step 1 Step 2 Step 3 Step 4 Step 5 Preview Firm Name Your Email Main Billing Contact at your Firm First Name Last Name Your Orion Account Manager First Name Last Name Basic Billing Information What business day do you need to run your bills by each month/quarter? Indicate 1 - 30. What date do you need to complete your first bill run within Orion? Month/Day/Year Billing Style Arrears If you bill quarterly as of 6/30, the period would be April - June. Advanced If you bill quarterly as of 6/30, the period would be July - Sept. Billing Frequency Select all that apply. Monthly Quarterly Semi-Annual Annual Billing Cycle Note: Monthly billed accounts will always be Month 1. Select all that apply. Month 1 Cycle Quarterly Month 1 = Jan 1 – Mar 31 Month 2 Cycle Quarterly Month 2 = Feb 1- Apr 30 Month 3 Cycle Quarterly Month 3 = Mar 1- May 31 Other Cycle(s) Other Cycle(s) option is used for billing frequencies other than monthly and quarterly, such as semi-annual/annual, and uses off-cycle billing (ie. Semi-Annual Month 4 = Apr 1- Oct 31). Billing Calculation Method Days in Cycle Days in Cycle factors in the actual days, so the calculation would change depending on days in the period. Divide by Bill Frequency Divide by Bill Frequency calculates by dividing the annual rate by the cycle. Monthly would divide by 12 and quarterly would divide by 4. Valuation Method Period Ending Period Ending refers to billing on the value of the account on the last day of the quarter. Average Daily Balance Average Daily Balance means taking an average of the account's value each day of the prior month/quarter. Average Monthly Balance Average Monthly Balance means taking the average of the period ending value of 3 months. Pay methods Select all that apply. Check Pay Check Pay method is for clients who write a check to pay for fees. Indirect paid from other account Indirect Pay Method is for accounts that are paid by another account. Direct pay from account Credit Card or ACH pay methods Privacy Policy
