Go to Main Content

Deposits to the Cashier’s subordinate account(s)

Effective January 1, 2025, all cash receipts must be self-deposited to a CIBC Branch the sooner of weekly or when cash receipts total $500, into a University of Toronto bank…

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

…research) of the University? Assistance Each situation has to be considered carefully in order to determine the status. It is not necessary for all criteria to apply in order for…

Long-Term Capital Appreciation Pool (LTCAP)

…contribution. See the GTFM section on Investments for Investment Management and Oversight of the LTCAP and other investments. Investment Return Objectives and Risk Tolerance In order to meet planned spending…

Guide to Completing FIS Master Record Forms

…breakdown based on percentage. Internal Order Group On the IO forms, an internal order group is optional. IO’s are organized in hierarchies, the master record will be placed in this…

Conference Accounts

…there is a requirement for segregation, this can currently be accommodated by using a fund (for spending control) and an internal order (for detailed reporting). Expand All | Collapse All…

Accounts to Record Deposits Received

…account established to record the deposits. Expand All | Collapse All Opening an Account to Record Deposits Received In order to open up an account to record deposits received, a…

Invoice

Revenues and Expense Recoveries

…Budgeting Payment Terms Accounts Receivable, Collection Responsibilities and Uncollected Amounts HST- University Sales   Why is the Distinction between Internal and External Important? All transactions, regardless of whether they are…

Currency Exchange on Foreign Awards

…dollars, either because all resources are being purchased from the U.S. or because U.S. dollars are being purchased for overseas expenditures. In these cases there is no exchange risk because…

Direct Deposits

Expand All | Collapse All Direct Deposit Overview This section addresses direct deposit arrangements under which cash receipts are banked to a departmental subordinate account, instead of deposited to the…