Description
The Balance Statement is a pro forma year-end account balance projection that OCLS prepares for the colleges every January. The Balance Statements itemize anticipated expenses for the final quarter of the fiscal year.
Actions for Colleges
Review your balance statement closely. If you see an error or want to change your upcoming account activity (e.g., add or cancel an acquisition), then contact us immediately. Changes to your Balance Statement must be submitted by the deadline in the eResources Calendar.
If your statement shows a surplus or deficit, you have additional steps to complete as outlined below.
For a deficit | OCLS will issue a top-up invoice which must be paid by [add date]. |
For a surplus | OCLS will subtract your year-end balance from your April invoice, unless you select from the following options:
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