FIS Glossary

…purchase (i.e., purchase over $25,000, lease, radioactive material). Purchase RequisitionThe purchasing requisition is the document created in FIS to request approval for a purchase (i.e., purchase over $25,000, lease, radioactive…

FAST Tips Newsletter

…Participant Fees Incoming Wire Transfers and Direct Deposits for Accounts Receivable (A/R) Invoices Deleting Attachments to Purchase Orders How to Stop FIS Reports that are not Loading Has your Purchase…

Purchase Order Invoices

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

Payments Associated with Contractual Agreements

Regardless of the procurement method used to purchase goods and/or services, the University requires a Purchase Order be created when the total purchase price is at or exceeds $10,000 pre-tax….

Overview of Accounting Process for Purchase Orders

The following is a brief overview of the Purchase Order process from an accounting perspective: Purchase Requisition (PR) What is it? A request for approval to proceed with an order…

Objective and Responsibilities

…supplier. Ensures that purchases are made only for University business and not for personal use. Ensures restricted access to on-line requisition function. Reviews all purchase requisitions, regardless of funding source,…

Course 6: Logistics Part 1 – Purchase Requisitions and Purchase Orders

…Order Discount Simulation: How to Locate and Release Purchase Order Line Items Simulation: Purchase Order Reporting Tips Simulation: Tracking the Status of Workflow Purchase Orders Simulation: How to Print an…

Fiscal Year-end Closing Procedures

…April 15, 2024 – system open until 1:00 am (next day) Tuesday, April 16, 2024 – system closed at 5:00 pm (for bi-weekly payroll) Wednesday, April 17, 2024 – system…

Financial Management of Purchase Orders

Purchase Order (PO) Maintenance: As part of the periodic financial reporting process, there is a semi-annual review of outstanding purchase orders in FIS. The review is intended to identify purchase…

FAST Monthly Lunch and Learn Sessions

…Tracking the history of a single PO Understanding the history of the Purchase Order item releasing a Purchase Order reserve Q&A Presentation Slides Additional Resources Knowledge Centre articles – Purchase…