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Imprest Expenditure Bank Account

payments. See GTFM section: Human Resources, Payroll & Benefits – Employee versus Independent Contractor / Taxation of Payments. However, payments for personal services which are very small, non-routine and non-recurring…

Purchasing and Payments to Vendors

…Purchases. ** Payments Associated with Contractual Agreements Payments to Hospitals or Other Institutions to Recover Costs Prepayments Courier, Brokerage and Freight Payments Foreign Payments Goods and Services Tax (GST) *…

Electronic Funds Transfer (EFT) Initiative – FIS Documentation

…EFT payments will have 25 day payment terms instead of 35 days for most non-EFT vendor payments. For invoices over $50,000, a prompt will remind users to proactively attach supporting…

Certified Invoices

…call 416-978-4838, for further clarification and instructions for processing. Foreign Currency Payments (including Outgoing Wire Payments) For guidelines on payments in a currency other than Canadian dollars, including outgoing wire…

FAST Monthly Lunch and Learn Sessions

…honorariums are appropriate and not Tax and payroll considerations Honorarium payments for voluntary services performed in Canada vs. abroad Processing honorarium payments in FIS vs. Payroll Services/HRS Presentation Slides Additional…

Student Awards

…each fund to facilitate payments to students when donations are received after payments are made. It is crucial that fund managers review their funds and make award payments only when…

Conference Accounts

…fund would record the transfer using the general ledger account 798350 (Internal Recovery Services General). The internal sale/recovery transaction in FIS should be used to reflect this transfer as internal….

UTSC Business Officer – FIS Reference Page

…and Cost Centers? Commitment Accounting Assignments Report (a.k.a. Linking Table) – shows what Cost Centers/Internal Orders are linked to what Funds Centers Cost Centers and Internal Orders: What’s the difference?…

Business Officer Resource Page – Financial Administration at the University

…to what Funds Centers Cost Centers and Internal Orders: What’s the difference? Cost Centers, Internal Orders or Assignment Fields. Which one is just right? How do I know what G/L…

Travel and Other Reimbursable Expenses – Policies and Guidelines

…and withholding taxes. These payments should not be made by faculty or staff. If you anticipate having to make payments to individuals outside Canada, please contact the Manager, Payroll Services…