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Updates and Changes to the Guide to Financial Management

…records.   August 14, 2024 [Ref. 2024-2] Effective August 14 2024, the Guide to Financial Management includes guidelines for making payments to Indigenous payees. These guidelines are intended as a…

Payroll and the HST

…on the HST and Contact Information   Payments Not Subject to HST employment income salaries wages overtime payments stipends bonuses scholarships, fellowships and bursaries   Payments Subject to HST Individuals…

Prepayments

…following sub-sections address the financial objectives and the accounting treatment for prepayments: Financial Objectives Acceptable Payment Terms Payments to Hospitals or Other Institutions to Recover Expenses Accounting for Prepayments  …

Internal Payments

…in FIS, refer to the reference guide for processing Internal Revenues and Expense Recoveries. Also, refer to the guidelines for Internal Revenues and Internal Expense Recoveries in the Guide to…

Courses & Workshop Material

…paid to processing Internal Revenues and Expense Recoveries. Topics include: Identifying the appropriate FIS screen for each financial transaction Processing Internal Revenues and Expense Recoveries Correcting posting errors using Journal…

Electronic Signatures & Document Retention

…Request Journal Entry (or Internal Revenue / Expense Recovery) Budget Transfers Use of Electronic Signatures Electronic Signatures may be used to indicate the approval of Internal Financial Documents, provided there…

Monetary Donations

…, which includes cash, cheques, credit card payments and marketable securities. For other (non-monetary) gifts, refer to the section Gifts-In-Kind (Non-Monetary Donations) Definition of a Gift and Payments Not Acceptable…

Payment Inquiries

…wires, and post the related entries to departmental accounts once payments have been made, Investigate and correct purchasing card rejected transactions Monitor payments to ensure they have been made in…

Courier, Brokerage & Freight Payments

…and exports out of Canada.   For additional information on the Customs program at the University of Toronto, please visit the Procurement Services website. Courier Payments Brokerage Payments Freight Payments

Introduction to FIS

…amounts. Recording of the invoice into FIS is done centrally by the Financial Services Department. The Financial Services Department will also process all payments received to the customer account on…