Debit or Credit Card Facility

The Banking Section provides guidance and assistance in setting up a debit or credit card facility to allow University departments to accept payments other than via cash, cheque or wire…

…distribution of payments to vendors (commercial vendors, employees, students, etc.) including cheques and bank drafts, Authorize, review and transmit direct deposits for expense reimbursements and student refunds; monitor any rejected…

Debit Card or Credit Card Facility

…cheque. Use the above link for more information. As a general guideline, Financial Services discourages the acceptance of cash and encourages the use of debit cards and credit cards when…

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

…would need to issue an invoice to the University, including applicable HST. These payments would be made through FIS – see section on certified invoices, T4A-NR payments, if the cheque…

Payroll and the HST

…the individual will have to include GST. Example: If the individual is being paid $10,000 for services, the cheque paid to the individual will be $11,300 ($10,000 plus 13% HST)….

External Revenues and External Expense Recoveries

…payment be required upfront via cash, cheque, credit card or debit card? Will credit be granted? Will the department receive payment by wire transfer? The guidelines surrounding this topic are…

Foreign Payments

…Wire Transfer U.S. Payments Invoices in U.S. dollars are paid by cheque from the University’s U.S. dollar account. These invoices are processed in the same way as invoices from Canadian…

Records Management – Payments to Vendors

…cash reconciliations, petty cash reimbursement forms, purchase orders. Financial Services – e.g. cheque registers, foreign drafts Generally, the above documents should be kept in your “Active” (office) files in the…

Course 2: Accounts Payable Processing Part 1 – Basic Data Entry

…Simulation: How to Use the Account Assignment Template to Reduce Keystrokes Simulation: How to Determine the Status of a Cheque, Foreign Draft or Electronic Funds Transfer Simulation: How to Check…

Course 4: G/L Account Postings – Basic Data Entry

…Simulation: How to Determine the Status of a Cheque, Foreign Draft or Electronic Funds Transfer Simulation: How to Hold, Park and Post Parked Documents Simulation: How to Use the Account…