…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 …
…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…
…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…
…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…
…, 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…
…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…
…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…
…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…
…of the principal investigator but the sponsor does not withhold subsequent award payments pending receipt of these reports, thus funding is not reliant on a financial report being submitted. Some…
…breakdown based on percentage. Internal Order Group On the IO forms, an internal order group is optional. IO’s are organized in hierarchies, the master record will be placed in this…