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Description
The balance statement is a year-end account balance projection that OCLS prepares for the colleges issued every January. The Balance Statements itemize It itemizes anticipated expenses for the final quarter of the fiscal year.
What should I do with my year-end balance statement?
Please review A top-up invoice is an invoice that is only issued when the balance statement indicates a deficit. The invoice is issued for the amount of the deficit to balance the college’s account.
Actions for Colleges
Review your balance statement closely
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. If you
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see an error or
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want to change your upcoming account activity (
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e.g., add or cancel an acquisition), then
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contact us immediately. Changes to your balance statement must be submitted by the deadline in the eResources Calendar.
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If your statement shows a surplus or deficit
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If your statement forecasts a deficit, OCLS will issue a top up invoice.
If your statement forecasts a surplus, you may choose to spend it on new acquisitions, request a refund, transfer , you have additional steps to complete as outlined below.
For a deficit: | OCLS issues a top-up invoice which must be paid by the date indicated. |
For a surplus: | OCLS subtracts your year-end balance from your April invoice, unless you select from the following options:
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FOR MORE INFORMATION
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Deposit Account Estimates & Invoices
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