Courses & Workshop Material

…will be processing Purchase Orders (PO) and have completed the first 5 courses in the Standard Curriculum. Specifically, this course provides an overview of the differences between a Purchase Order…

Purchase Order – Goods Receipt – Invoice Receipt

…an additional copy of a purchase order? Print Additional Copy of a PO How do I cancel the outstanding balance of a purchase order? Finalize and Cancel a Purchase Order…

Harmonized Sales Tax (HST)

…self-assessed for HST. The self-assessment rules apply to all purchases by the University. Despite the general rules discussed below, self-assessment on purchases made within Canada will almost never be required…

Purchase Order (PO) Workflow Training Material

…Type to WNB) Simulation: How to Process a Purchase Order (under $50K before tax) Simulation: How to Process a Purchase Order (valued greater than $50K before tax) Simulation: How to…

Purchase Requisition

This section includes support documentation pertaining to Purchase Requisitions for purchase over $25,000 (UTSC ONLY), leases (UTSC ONLY) and radioisotopes (ALL Units)….

Courier, Brokerage & Freight Payments

…“Import” and includes the best available reference, e.g. purchase order number, shipper name, receiver name, department, or consignee telephone number. Instructions to supplier: To ensure that the broker has sufficient…

Capital Assets

…purchase was funded by operating, ancillary, capital or restricted funds. Departments are required to record and track capital asset purchases at or above the $5,000 threshold. Divisions can have a…

Forecasting the Operating Fund Reserves

…being hired at lower salaries. Manual reserves which overstate planned expenditures for the year. Uncleared residual encumbrances for completed or inactive purchase orders (see Financial Management of Purchase Orders) Income…

Purchase Order (PO)

This section includes support documentation pertaining to Purchase Orders (PO).  …

External Revenues and External Expense Recoveries

…– Expense Recovery versus Cost Sharing The following example will help to illustrate the differences between the expense recovery approach and the cost sharing approach: Scenario A department purchases equipment…