Go to Main Content

Deposits to the Cashier’s subordinate account(s)

…clarify: Currency – Currency includes coin and bills. ChequesCheques include personal cheques, certified cheques, money orders, traveler’s cheques, and bank drafts (i.e. excludes coins and bills) Note: Only…

Imprest Expenditure Bank Account

…operate under reasonably exacting financial controls: restricted access to unused cheques, two signatures on all cheques, maintenance of imprest expenditure bank account records, monthly reconciliation of the bank statement to…

The Cashier Function

…as processing – must be carried out. Overview of the Cashier Function Cash Defined Cash refers to currency, personal cheques, certified cheques, money orders, traveler’s cheques, and bank drafts. Cashier’s…

Direct Deposits

…be noted on the reverse side of all cheques. Ensure cheques are made payable to the University of Toronto. Endorse Cheques All cheques must be restrictively endorsed. Stamp or write…

Objective and Responsibilities

…Head of Department Cash Receipts: Provides organizational controls for the security of cash: The person who receives and endorses cheques should not be the person who prepares the deposit form;…

FAST Tips Newsletter

…Loading When do cheques, drafts and EFT’s get issued or transmitted? June 2025 FAST Lunch & Learn – Recording (June 2025) July Lunch & Learn – Overview of Accounts Receivable…

FAST Monthly Lunch and Learn Sessions

…Using the Header tab to add additional details Locating the Accounting Document for Goods Receipts and Invoice Receipts Releasing Reserves/Commitment Tied to Pos Process when addressing additional charges not included…

FAQs

…copies of the deposit form do I need to submit? Cheque Production When are CAD and USD cheques produced for employees (expense reimbursements)? ~ When are CAD and USD cheques

Monetary Donations

…important to determine this information as soon as possible. Cheques Cheques will be restrictively endorsed, for deposit only to the Governing Council University of Toronto prior to sending to DUA….

Payment Terms

…requested for small transactions, i.e. $100 or less, because of the disproportionate administrative cost of processing customer invoices.   Personal cheques Acceptance of personal cheques carries a risk of NSF…