Deposits with the Cashier

…record. This final step is an important one in the financial control over cash and must not be overlooked or delayed. Timeliness is critical. For information on FIS reports to…

Purchase Order – Goods Receipt – Invoice Receipt

Expand All | Collapse All How do I make line item text show up in the line item reports for the GR/IR documents? To enter text in the GR document,…

Capital Assets

…i.e. the person requesting the disposal must obtain the approval of the person to whom he or she reports. Original Cost Not Available Where the original cost cannot be determined,…

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

…Centre – How can you check if an invoice has been processed in FIS when you don’t know the Document # Knowledge Centre – Using Line Item reports to view…

Managing the Fund Groups Used at UofT

…managed centrally on behalf of the sponsoring faculty/division, with the sponsoring faculty/division receiving interim reports on the status of the project. Each capital project in excess of $2 million must…

Internal Revenues and Internal Expense Recoveries

…transaction “Internal Revenues/Expense Recoveries” to record Internal Revenue and Recovery transactions so that: University financial reporting processes will identify and eliminate these balances from the reports prepared for external users…

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

…for decision making; The individual receives all profits and is responsible for all losses; and The individual reports their business income on a T1 individual tax return For assistance in…

Managing Research Funding (Financial Services and Other Central Departments’ Support)

…should be reconciled to the monthly fund center detail reports to confirm that payroll payments have been recorded accurately in FIS and to identify and follow-up on payments made to…

Prepayments

…fiscal period should be recorded as prepaid expenditures and excluded from reports of current expenses. Where prepayments cannot be avoided, year-end adjustments can be made to the accounts, i.e. for…

Course 1: FIS Overview

…Funds Centers and Cost Centers Knowledge Centre – Understanding the Relationship between GL Accounts and Commitment Items UofT Annual Financial Reports GTFM Policy – Budgeting – Explanation of all Sources…