Debit or Credit Card Facility

…All What You Need to Consider Before Setting up a Debit/Credit Card Facility? Many departments have already put in place facilities to accept debit/credit cards via point of sale (POS)…

…line items. D/C amount in FCThe amount in the document(s) in foreign currency. A negative sign indicates a Credit Memo/Overpayment/Advanced payment. D/C amount in LCB/exThe amount in the document(s) in…

Payment Terms

…However, there are costs associated with debit cards or credit cards, including: the cost of the credit card tele-deposit equipment / POS equipment; commissions payable to the credit card companies…

Travel and Other Reimbursable Expenses – Policies and Guidelines

…that the Purchasing Card must NOT be used to pay travel suppliers. 1. Personal Credit Card Personal credit cards can be used to pay for travel-related expenses. Reimbursement of eligible…

Updates and Changes to the Guide to Financial Management

…language pertaining to credit card statements as additional proof of payment in the GTFM Travel & Other Reimbursable Expenses policy has been amended. Credit card statements are no longer required…

Credit Memo

What do I do with a credit memo received from a OTA vendor? Credit memo’s cannot be processed against an OTA vendor account. The correct procedure is to contact the…

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

…of the Canadian and USD Accounts Receivable Invoice forms are used for invoices and credit invoices. A credit invoice should be used whenever an original invoice needs to be reduced…

FAST Tips Newsletter

…Lunch & Learn – Understanding the Policy and Processing of Lease Purchase Orders MEMO: Review of Financial Services Cashier Function Guide to Financial Management (GTFM) Policy Clarification on the Missing…

Objective and Responsibilities

…the account of Governing Council of the University of Toronto) and deposited promptly. Maintains detailed listing of receipts and accounts to be credited and agrees to the monthly statement of…

PROCNTL Entries and Document Types

…Services, Accounts Receivable use only. These documents represent recurring entries for receivables. 29XXXXXXXX DG:Cust credit memo Financial Services, Accounts Receivable use only. These documents represent credit memo entries for receivables….