Debit or Credit Card Facility

…All What You Need to Consider Before Setting up a Debit/Credit Card Facility? Many departments have already put in place facilities to accept debit/credit cards via point of sale (POS)…

Payment Terms

…However, there are costs associated with debit cards or credit cards, including: the cost of the credit card tele-deposit equipment / POS equipment; commissions payable to the credit card companies…

Travel and Other Reimbursable Expenses – Policies and Guidelines

Policy for Travel and Other Reimbursable Expenses Objective Scope Key Principles Approvals and Responsibilities Guidelines for Travel and Other Reimbursable Expenses Objective Overriding Guidelines Methods of Payment (Personal Credit Card,…

FIS Glossary

…and whether the posting is a debit or credit. Example: PK 40 = debit, 50 = credit Plan costsAmounts planned at the cost element level for each cost center and/or…

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

…Canadian and USD Accounts Receivable Invoice forms are used for invoices and credit invoices. A credit invoice should be used whenever an original invoice needs to be reduced or cancelled…

Objective and Responsibilities

…the account of Governing Council of the University of Toronto) and deposited promptly. Maintains detailed listing of receipts and accounts to be credited and agrees to the monthly statement of…

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…

External Revenues and External Expense Recoveries

…financial management issues surrounding external revenues and external recoveries, (i.e. financial objectives, receiving cash, accepting credit/debit cards, granting of credit, accounts receivable and collections). Miscellaneous Revenue These sources of income…

Credit Memo

What do I do with a credit memo received from a OTA vendor? Credit memo’s cannot be processed against an OTA vendor account. The correct procedure is to contact the…

AMS and FIS Document Types

…Vendor Invoice screen. 235XXXXXXX KG: A/P Vendor credit Open for use for processing credit memos to permanent vendors only. Do not use for any 99XXXX (OTA) vendor number series. 19XXXXXXXX…