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FIS Glossary

Orders. Order NameThe full name of an internal order. Order PlanA management tool for planning expenditures and revenues in internal orders, similar to the budget in FM. Internal order plans…

Purchase Order Invoices

…Authorizing Purchase Order Related Payments Receiving Reports Invoice Amount Exceeds Purchase Order Amount Returning Goods to Suppliers   Authorizing Purchase Order Related Payments The preconditions for issuing payment to a…

FAST Tips Newsletter

…in Excel August 2020 Processing Partial Payments Against Purchase Orders How do I process an Invoice Receipt (MIRO) if the invoice on hand does not match the amount in the…

Travel and Other Reimbursable Expenses – Policies and Guidelines

…booking. 3. Receipt Requirements The original receipt required is the customer copy of the rental agreement, account statement, invoice and receipts for gasoline purchases. 4. Insurance – Vehicle Rental Domestic…

Certified Invoices

purchases of goods and non-consulting services under $10,000, you have the following options: uSOURCE Purchasing Card Issue a departmental purchase order. (Note: This type of purchase order will not be…

Harmonized Sales Tax (HST)

…supplier charges GST/HST on goods or services and the invoice exceeds $499, the invoice must contain the following information. The supplier’s business name or trading name or an intermediary’s* name….

Fiscal Year-end Closing Procedures

invoice receipt document was processed but differences exist between the goods receipt and the invoice document. Should you require any goods receipt document to remain active in FIS, please provide…

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

Invoices For most invoices related to external income and external expense recoveries, the terms of payment are due upon receipt of invoice. The University of Toronto invoice is used only…

Payments Associated with Contractual Agreements

…reviewed against the Purchase Order for discrepancies and approved prior to disbursing payment. Once the invoices have been approved, an Invoice Receipt should be created in FIS. Lease Purchase Order

Overview of Accounting Process for Purchase Orders

…(e.g. entered as a “certified invoice”) Two steps are required: Reverse the Goods Receipt document; see the quick reference guide: Goods Receipt Reverse Cancel Purchase Order; See the quick reference…