FIS Glossary

…Orders. Order NameThe full name of an internal order. Order PlanA management tool for planning expenditures and revenues in internal orders, similar to the budget in FM. Internal order plans…

Purchase Order Invoices

…Authorizing Purchase Order Related Payments Receiving Reports Invoice Amount Exceeds Purchase Order Amount Returning Goods to Suppliers   Authorizing Purchase Order Related Payments The preconditions for issuing payment to a…

FAST Tips Newsletter

…a Purchase Order, Goods Receipt and Invoice Receipt Avoid Returned Cheques!   January 2025 REMINDER of Launch of Self Deposit and Resources Available February Workshops– Understanding Earmarked Funds & Refundable…

Travel and Other Reimbursable Expenses – Policies and Guidelines

…should make best efforts to obtain a duplicate invoice from the vendor, otherwise a missing receipt affidavit must be filed. In shared funding arrangements, a copy of the original receipts…

Travel and Other Reimbursable Expenses – With Updates (DRAFT)

…should make best efforts to obtain a duplicate invoice from the vendor, otherwise a missing receipt affidavit must be filed. In shared funding arrangements, a copy of the original receipts…

Travel Policy – Draft Page with updates

…lose personal funds as a result of travel assignments. Original receipts from suppliers must support all expense reimbursement claim items, except for per diem claims where applicable. Many invoices/receipts are…

FAST Monthly Lunch and Learn Sessions

…Purchase Order Reversing Goods Receipts and Invoice Receipts Foreign Exchange and Purchase Orders Paying a PO Invoice Receipt via Wire Transfer Determining the Status of a PO Invoice Payment USOURCE…

Harmonized Sales Tax (HST)

…supplier charges GST/HST on goods or services and the invoice exceeds $499, the invoice must contain the following information. The supplier’s business name or trading name or an intermediary’s* name….

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…

Fiscal Year-end Closing Procedures

…year, which meet the following criteria: no corresponding invoice receipt document was processed an invoice receipt document was processed but differences exist between the goods receipt and the invoice document….