External Revenues and External Expense Recoveries

…payment be required upfront via cash, cheque, credit card or debit card? Will credit be granted? Will the department receive payment by wire transfer? The guidelines surrounding this topic are…

Payroll and the HST

…the individual will have to include GST. Example: If the individual is being paid $10,000 for services, the cheque paid to the individual will be $11,300 ($10,000 plus 13% HST)….

Debit Card or Credit Card Facility

…cheque. Use the above link for more information. As a general guideline, Financial Services discourages the acceptance of cash and encourages the use of debit cards and credit cards when…

Direct Deposits

…identification should be noted on the reverse side of all cheques. Ensure cheques are made payable to the University of Toronto. Endorse Cheques Endorse all cheques with a coded endorsement…

Payment Inquiries

…distribution of payments to vendors (commercial vendors, employees, students, etc.) including cheques and bank drafts, Authorize, review and transmit direct deposits for expense reimbursements and student refunds; monitor any rejected…

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…

Cash, Other Receipts and Banking

…departments to accept payments other than via cash or cheque. Records Management for Cash and Banking Guidelines for retaining financial documents relating to cash, other receipts and banking. Last Revision…

Course 7: Logistics Part 2 – Goods Receipts and Invoice Receipts

…Numbers for PO Goods Receipts and Invoice Receipts Simulation: How to Print an Additional Copy of a Purchase Order (PO) Simulation: How to Determine the Status of a Cheque, Foreign…

Course 2:  Accounts Payable Processing Part 1 – Basic Data Entry

…Simulation: How to Use the Account Assignment Template to Reduce Keystrokes Simulation: How to Determine the Status of a Cheque, Foreign Draft or Electronic Funds Transfer Simulation: How to Check…

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

…would need to issue an invoice to the University, including applicable HST. These payments would be made through FIS – see section on certified invoices, T4A-NR payments, if the cheque…