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Alternate Payee

…that the vendor is a legitimate entity with acceptable financial stability. Credit memos can only be processed using a regular vendor account. Credit memos cannot be processed using an OTA…

Fiscal Year-end Closing Procedures

…or credits. An example would be rejects for student award payments processed through ROSI/FICA. Students receive credits in their accounts, while the corresponding charges to divisions are rejected. To ensure…

Purchase Order Invoices

…incorrect payment has been made to a supplier using an OTA (one time only) account, the supplier should be contacted and a refund cheque requested. A credit note is not…

Harmonized Sales Tax (HST)

…services. The terms of payment.   For the University to be able to claim the rebate and/or input tax credits (ITC), it is imperative that “University of Toronto” or “The…

Budget Implementation – Operating Fund

…specific operating purposes; government grants for specific operating purposes; income from sales or services provided externally or internally; fees from non-credit courses; non-tuition-related compulsory ancillary fees; and departmental overhead income…

Concur Privacy Notice

…is not required to receive reimbursement from the university. Please do NOT upload documents that contain your unmasked credit card number (including credit card statement), SIN, birthdate, medical information, or…

Cheque Production Schedule July 1 2015

Cheque Production Schedule – Memo issued June 17, 2015…

Payment Processing Schedule 2015

Payment Processing Schedule – Memo issued March 26, 2015…

Forecasting the Operating Fund Reserves

…divisional operating reserve balance (i.e. net underspending or overspending of available budget) for the year ending April 30. The most recent version of the annual forecasting memo to divisional financial…

Reimbursement Rates

…The kilometrage(*) rate allowed for use of a personally owned automobile while on approved University business is 57 cents per kilometre effective February 1, 2020 (see memo dated January 27,…