Location: Virtual Training Session Duration: 2 hours Format: Lecture + Demonstration The university policy requires that all departments reconcile their actual transaction with their Statement of Accounts on a monthly basis. This ensures that all transactions are completely/accurately recorded in FIS. This course walks you through the university’s month-end reconciliation policy, guidelines and management reports. Topics include: University month-end reconciliation policy [ Read More ]
Location: Virtual Training Session Duration: 2 hours Format: Lecture + Demonstration Year-end Operating Reserves are a division’s net overspending (deficit) or under spending (surplus) amount at the end of a fiscal year. Accurately calculating the operating reserve can play an important role in determining your divisions’ budget for the upcoming fiscal year. This course will introduce you to the [ Read More ]
Location: Virtual Training Session Duration: 2 hours Format: Lecture + Demonstration Workshop Material This workshop provides a review of departmental A/R responsibilities when processing external revenues and recoveries and an introduction to the Accounts Receivables Open Item Aging Report. Topics Include: Identify your departmental Accounts Receivable (A/R) financial management and accounting responsibilities Understand the Cost, Benefits [ Read More ]
Managing refundable deposits the easy way while adhering to UofT policies. This workshop will review the correct procedures for creating a cash receipt for refundable deposits (e.g. key or locker deposits, etc.) and how to refund the deposit at a later date (e.g. at the end of the term). Reports for deposit/refund reconciliation will also [ Read More ]