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) *…

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…

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…

Debit or Credit Card Facility

The Banking Section provides guidance and assistance in setting up a debit or credit card facility to allow University departments to accept payments other than via cash, cheque or wire…

Petty Cash

…other amounts for services, including honoraria (guest lecture fee) and subject payments cumulative expenditures in excess of $100 (see Travel and Other Reimbursable Expenses) The majority of payments to individuals…

Employee versus Independent Contractor and Taxation of Payments (HRIS vs FIS)

…treatment, under the Income Tax Act, to payments made to persons providing services to the University. All payments must be processed through HRIS, except for specific exceptions listed below in…