Overview of Deposits & Statements
In Edlio Payments (OSP), all electronic payments collected through your online school store, ticket redemptions, and in-person card swipes settle directly into your school bank account via Automated Clearing House (ACH) direct deposits. The Statements module provides complete audit trail documentation for every disbursement.
đĄ Best-Practice Adoption Tip: Each statement issued by Edlio Pay contains a unique Statement Number that matches the ACH credit descriptor on your bank statement. Always reference this Statement Number when recording monthly deposit journals in your district accounting system.
Navigating the Statements Module
To view your school settlement history:
From the Pay Management Dashboard, click Statements in the core grid.
Select from three viewing filters:
Current Statements: Displays open cycles currently accumulating transactions for the next deposit.
All Statements: Displays full historical records of all finalized settlement periods.
Show Balance History: Provides running account balances and transfer histories.
Click on any statement line to expand the detailed transaction register, showing itemized order numbers, gross collections, processing fees, and the net ACH payout.
Updating Depository Bank Accounts
If your school transitions to a new financial institution or changes checking accounts:
Submit an authorized ACH Direct Deposit Authorization Form signed by your district treasurer or CFO.
Attach official bank verification documentation (a voided check or bank account verification letter).
Send the package to
clientsuccess@edlio.com. The Edlio Finance team updates your depository profile within 2â3 business days.
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