Electronic Funds Transfer (EFT) Initiative – FIS Documentation

…EFT Initiative: Increases payment transparency Reduces uncertainties associated with timing of payments Avoids lost or misdirected cheques Eliminates the inconvenience of suppliers having to deposit cheques Increases speed of payment…

Accountable Advances

…advance cheques be converted to traveller’s cheques. This recommendation, and the security concerns with respect to traveller’s cheques, generally makes this option less convenient than using a credit card. Credit…

Payments Without Invoices Processed Through FIS

…for small purchases need to be made via cheque, but for which no invoice exists to support the payment. Examples of these situations may include: Conference fees, memberships Subscriptions, reprints,…

Purchase Order Invoices

…the refund. When the department receives a refund cheque, deposit the cheque and process the vendor refund in FIS. Receiving Reports A hard copy receiving report (or packing slip) is…

Summary of Year-end Deadlines and Contact Information

Accounts Payable Supplier’s Invoices Departmental Business Officers will process invoices received in the current year by April 26, 2024. For queries pertaining to supplier’s invoices, email   Cheque and…

Accounts to Record Deposits Received

…a cheque from a departmental imprest expenditure bank account, or processing a cheque through FIS Generally, the amount of the deposit will dictate the appropriate payment mechanism. If payment is…

Alternate Payee

…to present a cheque in person. When you need to direct a cheque to a specific destination within a vendor’s organization (e.g., PO Box, specific department, division) When a vendor…

PROCNTL Entries and Document Types

…Services General Inquiries YS SCS Revenue Spec 7400000000 – 7499999999 SCS Revenue Postings (waiver, Visa, Mastercard, AMEX, cheque, charge, bank wire) School of Continuing Studies Mary Jane Dundas –…

Credit Memo

…vendor and request a cheque for the amount of the credit memo. The cheque must be made payable to the “University of Toronto”. This money is then deposited* into the…

Source Documents and the Audit Trail

…with the cheque, use the Alternative Payee function to redirect the cheque to you for mailing. Credit memo The vendor’s credit memo is the supporting document. Credit memos for an…