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…
…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…
…and Cost Centers? Commitment Accounting Assignments Report (a.k.a. Linking Table) – shows what Cost Centers/Internal Orders are linked to what Funds Centers Cost Centers and Internal Orders: What’s the difference?…
…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…
…by the individual receiving the goods. If not done on-line, a goods receipt document must be completed and forwarded to the individual processing the invoice. Internal cash receipt The internal…
…(see section on internal revenues and expense recoveries) Long term: Self-funded revenue generating activities (internal/external invoice) Funding “contributions” from other fund groups (interfund transfers) Ancillary Operations The ancillary operation accounts…
…of the buying department. Refer to Internal Revenues and Internal Expense Recoveries for additional guidelines. 5. Small Payments Consider direct payment by the department: by using the departmental purchasing card….
…Retention Guidelines Effective October 10, 2023, the Guide to Financial Management includes guidelines for applying E-Signatures to internal financial records at the University of Toronto. This update includes recommendations for…
…investment pools: LTCAP and EFIP Internal Long-Term Financing Program This section includes guidelines on the internal long-term financing program, a sample loan agreement, a sample amortization table and overview presentation…
…the University, we have provided a link to the section on internal revenues and internal expense recoveries to give a full picture of purchasing options available. Last revision June 2020…
…accounts remains unchanged. No “actuals” are recorded against these accounts at this time. In the departmental Controlling (CO) accounts (Cost Center or Internal Order) An entry is made as follows:…