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Description
OCLS provides the colleges with 11 account statements every year: one for each month, except for April and May which are combined into a single statement.
The monthly statements are issued mid-month and itemize account activity and closing balance for the month prior.
FAQ: Deposit Account Monthly Statements
What should I do with my monthly statement?
Please review your account statement each month and let OCLS know if you notice any errors or have any concerns.
When will I get my monthly statement?
Monthly statements are issued around the 15th of each month. The combined April and May statement is issued in mid-June.
My subscription renewed last month. Why isn’t it included in my monthly statement?These statements include your final price per subscription in the local currency (including tax).
Pricing
The Price field in ConsortiaManager (CM) is your price in the vendor's currency, not including tax.
The prices on your monthly statements are in CAD and do include tax. These CAD prices, excluding tax, are entered into the Total Price field in CM as well.
Renewals & Invoice Processing
Your monthly statement provides a record of invoices processed, which doesn’t necessarily correspond with subscriptions renewed because different vendors issue invoices at different times.
OCLS frequently accepts invoices as early as two months in advance of renewal date or as late as the last month (March) of the current fiscal year.
Why don't the prices on my monthly statement match the price in CM?
The Price field in CM is your price in the vendor's currency, not including tax.
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Action for Colleges
Please review your account statement each month and let OCLS know if you notice any errors or have any concerns.