Leasing Company Electronic Billing and Payment Program

About the Program

Category: Financial Management (Best in Category)

Year: 2015

The Treasury Division of the Henrico Finance Department is responsible for the billing of taxes and the collection and application of tax payments. Leasing companies and businesses that own a large number of vehicles present a unique challenge to the Treasury Division, in that, they provide the County a single check that is to be applied in a detailed manner to specific vehicles for a particular amount. The Leasing Company Electronic Billing and Payment Program is offered to any Leasing Company or other business that owns 10 or more vehicles in Henrico County, Virginia. Customers who enroll in this program opt out of receiving paper invoices and instead receive a single billing file each May and November listing each vehicle having an outstanding balance. Enrolled customers then review and ultimately update the billing file by indicating a specific payment amount for each vehicle and taxable period included on the report. Once funds have been received and verified by the Treasury Division, the payment file submitted by the customer is processed and applied as specified in the file.