…(i.e. cheques and credit card payments) and marketable securities. Gifts-in-Kind include gifts of supplies, equipment, books and artwork. For donations of cash and marketable securities, refer to the section Monetary…
…departmental administrators should: promptly bank all cash received (refer to GTFM: Cash, Other Receipts & Banking) make maximum use of vendor credit with respect to purchases. Last revision September 2010…
…spread of 200 basis points*. The spread relates to the University’s credit rating, reflecting how financial institutions would price a loan to the University in the open market. It also…
…administratively more efficient to recover expenses after the payment has been made. In these cases, ensure that the same GL account is used for both the debit and credit lines…
…In these cases, ensure that the same GL account is used for both the debit and credit lines of the transaction so that this transaction is eliminated for total University…
…supplier until satisfactory service is obtained or a credit/refund is received. For entry into FIS, refer to the appropriate FIS Accounts Payable Reference Guide. Invoice Payments Associated with Contractual Agreements…
…order forms, journal renewals Deposits required for events Refunds of amount originally paid and credited to departmental accounts Contractual agreements for items like space rental or copier leases Postage meter…
…value of expenditures increase so does the potential price advantage in using a purchase order or departmental credit card. Payments for personal services which are very small, non-routine and non-recurring…
…courier invoice to the departmental credit card statements on a monthly basis. Brokerage Payments A customs broker pays all border charges in respect to imported goods (e.g. duty, GST, delivery…
…wire transfer is not a cost effective method of making foreign payments and should be avoided. Please consider utilizing draft payments or payment by credit card. But if a wire…