Accounts are grouped together to determine the total balance on which a set of accounts will be billed. This is particularly important if these accounts are assigned to a drop through or tiered fee structure. Usually, advisors create billing groups by the same groupings as households, so Bridge has made grouping this way very quick and simple.

From the Settings page → Billing Settings → Billing Groups

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From the Revenue Page → Settings → Billing Groups

You can create groups manually or from households.

The most common use-case is to group accounts by their household; this way, the total balance of all assets managed for a single household are applied to the fee structures assigned to each account.

To create billing groups using household groupings, click Create in the upper right corner. You'll choose Create Groups from Households from the dropdown options. When prompted if you are sure, click Yes.

Once completed, the Group Name will match the name of the Household and you can see the number of accounts in each billing group. 

Click the "Create Group" from the upper right corner;

You'll be prompted to enter a new group Name. Next, select the Account(s) that you'd like to add to this Billing Group.

Note: Any ungrouped accounts will populate at the top of the drop down menu. 

To learn how to add and remove accounts from an existing billing group, see our article here.