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

…Fees Incoming Wire Transfers and Direct Deposits for Accounts Receivable (A/R) Invoices Deleting Attachments to Purchase Orders How to Stop FIS Reports that are not Loading Has your Purchase Order…

Travel and Other Reimbursable Expenses – Policies and Guidelines

…issued by suppliers must support requests for reimbursement. For on-line purchases using a personal credit card, the receipt would be the invoice (or confirmation of purchase, registration, etc.), provided by…

FAST Monthly Lunch and Learn Sessions

…Accounts Determining the Status of the Purchase Order Reversing Goods Receipts and Invoice Receipts Foreign Exchange and Purchase Orders Paying a PO Invoice Receipt via Wire Transfer Determining the Status…

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….

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…

Fiscal Year-end Closing Procedures

…year, which meet the following criteria: no corresponding invoice receipt document was processed an invoice receipt document was processed but differences exist between the goods receipt and the invoice document….

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…

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…