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Purpose
The eResources Deposit Account ( deposit account ) is an important part of OCLS’s strategy to streamline work processes across the college system. The deposit account holds funds for your eResource eresource purchases over the fiscal year.
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You may use your deposit account for new acquisitions that were not included in your latest estimate. If your account has a deficit at year end, OCLS issues a top-up invoice.
OCLS requests that the bulk of your resources are paid with your deposit account funds. To accommodate special circumstances, you can request separate invoicing instead. Then, OCLS pays the vendor’s invoice with its own funds, and bills the college for the final total in CAD.
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