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FIS Glossary

Order, but NOT both. Order date Purchase, sale or service order date. Order Group An alphanumeric code representing a group of related Internal Orders. Order Name The full name of…

Purchase Order Invoices

…refer to How to Purchase Goods and Services.A purchase order is required for goods and non-consulting services of $10,000 or more. For purchases of goods and non-consulting services under $10,000,…

FAST Tips Newsletter

…I see my 51xxx… Invoice Receipt document in the Month-End Statement of Accounts? How would I know which of my Accounts Receivable invoices have been cleared? SIMULATION: Understanding the Purchase Order

Travel and Other Reimbursable Expenses – Policies and Guidelines

…Department at 416-978-6593. B. Attach original receipts The principle is that original receipts issued by suppliers must support requests for reimbursement. For on-line purchases using a personal credit card, the…

Harmonized Sales Tax (HST)

The Harmonized Sales Tax (HST) applies to the majority of goods and non-employment services purchased by the University. However, the University is eligible for partial rebates paid on items purchased….

Certified Invoices

purchases of goods and non-consulting services under $10,000, you have the following options: uSOURCE Purchasing Card Issue a departmental purchase order. (Note: This type of purchase order will not be…

Fiscal Year-end Closing Procedures

…416-978-4675 Restricted Funds Helen Choy 416-978-2981 AMS Availability Chris Dimitriadis 416-946-3153 Purchase Orders over $25,000 Eric Foremski 416-978-2236 uSOURCE Phil Larprom 416-946-5514 FIS Vendor Setup/Change Requests Katrina Koo 416-978-1403  …

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

Invoices For most invoices related to external income and external expense recoveries, the terms of payment are due upon receipt of invoice. The University of Toronto invoice is used only…

Payments Associated with Contractual Agreements

Purchase Order). A Goods Receipt should be created in FIS as confirmation once the vendor/service provider has delivered the agreed upon goods/services. All invoices should be reviewed against the Purchase

Overview of Accounting Process for Purchase Orders

…entered as a “certified invoice”) Two steps are required: Reverse the Goods Receipt document; see the quick reference guide: Goods Receipt Reverse Cancel Purchase Order; See the quick reference guide:…