Whats the difference between an account statement and a billing document?
Each month FEDLINK sends an account statement to the IAG contact which shows the monthly activity of each of your accounts, including the billing balance, any invoices that have been posted to your account for that month and an ending balance . A billing document is sent from the LC Financial Services Directorate (FSD) to your agency to collect the funds you agreed to transfer to LC when your agency signed the IAG. It directly reflects the amount of the IAG and when payment to LC is due. The billing document is sent to your agency’s Finance Office (the address on the signature page of your IAG). An informational copy of the billing document is sent to the IAG contact. • Can my agency’s prior year funds be moved forward into current year accounts? Does your agency have no-year or multi-year funds? Member agencies with a balance of no-year or multi-year funds remaining in accounts from a prior fiscal year can move the funds into the current fiscal year. To find our what type of funding y
