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FIS Accounts – Establishing Changing and Deactivating

…and Contracts The creation of a fund for a non-research grant or contract is created by Trusts and Investment Accounting, Financial Services Department. Refer to the section on Non-Research Grants…

Harmonized Sales Tax (HST)

The Harmonized Sales Tax (HST) applies to the majority of goods and non-employment services purchased by the University in Ontario. However, the University is eligible for partial rebates paid on…

Restricted Funds (Non-Research)

The following sections in the GTFM deal with policies and guidelines for Non-Research Restricted Funds: Non-Research Restricted Funds section of the GTFM Student Awards Trust Funds Non-Research Grants and Contracts…

Gifts-in-Kind (Non-Monetary Donations)

…(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…

Trust Funds

Although all restricted funds are received in trust, the term trust fund is generally used to refer to restricted funds OTHER than research awards, student awards and non-research grants and…

Taxation

Payments (HRIS vs FIS) [Human Resources, Payroll and Benefits] Harmonized Sales Tax (HST) [Purchasing and Payments to Vendors] HST – University Sales [External Revenues and External Expense Recoveries] The following…

Guide to Financial Management

This guide is a key resource for financial administrators, staff and faculty on how to handle financial related matters at the University of Toronto. The following four boxes represent the…

Forms for Processing in FIS

…BE USED FOR ANY CHEQUE PAYMENTS – 150 COLLEGE STREET, 3RD FLOOR, ROOM 350*) PDF * Accounts Receivable Invoice (USD) (*PLEASE INFORM ALL CUSTOMERS OF THE NEW ADDRESS TO BE…

Payment Terms

…for answers to frequently asked questions and for contact information. Incoming wire payments If payment is to be made via incoming wire transfer and a University of Toronto invoice will…

Purchase Order Invoices

…Authorizing Purchase Order Related Payments Receiving Reports Invoice Amount Exceeds Purchase Order Amount Returning Goods to Suppliers   Authorizing Purchase Order Related Payments The preconditions for issuing payment to a…