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Business Officer Resource Page – Financial Administration at the University

…to what Funds Centers Cost Centers and Internal Orders: What’s the difference? Cost Centers, Internal Orders or Assignment Fields. Which one is just right? How do I know what G/L…

Travel and Other Reimbursable Expenses – Policies and Guidelines

…ticket), the University of Toronto has its own internal carbon offset program. A fee is retroactively assessed to any University funded air travel and collected funds are put towards internal

Travel and Other Reimbursable Expenses – With Updates (DRAFT)

…ticket), the University of Toronto has its own internal carbon offset program. A fee is retroactively assessed to any University funded air travel and collected funds are put towards internal

Travel Policy – Draft Page with updates

…the University of Toronto has its own internal carbon offset program. A fee is retroactively assessed to any University funded air travel and collected funds are put towards internal projects…

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

…treatment, under the Income Tax Act, to payments made to persons providing services to the University. All payments must be processed through HRIS, except for specific exceptions listed below in…

Trust Funds

…the delegated responsibilities are being effectively discharged. Transfer of Funds, Internal Revenues and Expense Recoveries Transfer of funds is the movement of funds from one account to another. Internal revenues…

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

…for external customers. Refer to the section Internal Revenues and Internal Expense Recoveries for processing charges to internal customers. If you are uncertain as to whether a customer is external…

Petty Cash

…deductions in respect to the payment, e.g. tax, Canada Pension Plan (CPP) payments, Employment Insurance (EI) payments remitting the University cost of CPP and EI. Where the University fails to…

FIS Accounts – Establishing Changing and Deactivating

Internal orders New internal orders could be required to track revenues and expenditures for an activity with a limited timeframe. To discuss the need for an internal order, contact your…

Purchase Order Invoices

…Bank Account for purchases up to $500 Note: Any internal University of Toronto-related purchases will be processed via the internal revenue and expense recovery transaction in FIS by the buying…