UTSC Business Officer – FIS Reference Page

…As Icon in Excel The List of Payments Report – A quick way to see who has received payments in a month, and the number of transactions Additional Report Recommendations:…

Business Officer Resource Page – Financial Administration at the University

…and Payments to Vendors GTFM Policy – Procurement Policy Procurement – How to Purchase Goods and Services (includes thresholds) How to process Invoice Payments in a Foreign Currency (under 10k)…

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…

Payments Without Invoices Processed Through FIS

…reason, these payments must be made by the Payroll Department. This includes payments which may be considered to be in lieu of payments for services, e.g. honoraria. There are very…

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…

HR Payroll and Benefits Overview

…professional, managerial, administrative, technical, and trade and services staff. Authorization and Delegation Fundamental to good financial control is proper authorization of transactions. Generally, payroll payments require at least two signatures…

Budgeting

…a budget proposal, refer to the section Preparing a Budget Proposal in the section Non-Research Grants and Contracts. When a successful proposal has resulted in the awarding of a non-research…

Payroll and the HST

…those payroll transactions for which the collection of HST is not required, and those for which it is. Payments Not Subject to HST Payments Subject to HST HST Implications More…

Petty Cash

…value of expenditures increase so does the potential price advantage in using a purchase order or departmental credit card. Payments for personal services which are very small, non-routine and non-recurring…