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HST – University Sales

…aid services educational services provided by elementary and secondary schools, publicly funded colleges and universities, and private secretarial schools and business colleges a broad range of supplies of a non-commercial…

Benefits Accounting

…benefits, pension plan current service contributions, and other healthcare related benefits). The table below shows the progression of the SBR: Year Appointed Staff Rates Non-appointed Staff Rates 2025-26 25.00%* 10.50%…

Incoming Wire Transfers

This section covers the process and responsibilities surrounding incoming wire transfers except for payments of accounts receivable invoices *, i.e. situations where a department is aware of monies to be…

Electronic Signatures & Document Retention

…reports. Examples of such documents include: Cheque Requests Authorization of Invoices Expense Report (i.e., Expense Reimbursement)/Accountable Advance Settlement) Approval of month-end reconciliation and management reports Outgoing Foreign Payments Wire Transfer…

Internal Payments

How do I process a payment to another department? Payments to departments within the University of Toronto are processed via the Internal Revenue/Expense Recovery transaction. To assist you in processing…

Draft Payments for DKK and CHF unavailable Oct 2016

Draft Payments for DKK and CHF unavailable Oct 2016…

Direct Deposits

…All types of deposits can be directed to the subordinate banks accounts, including: cash, cheques, incoming wire payments, debit card / credit card payments via POS systems, tele-deposit and e-commerce…

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

…deposited directly to a departmental revenue account in error. Note: Payments of University of Toronto invoices must be processed against the customer’s account. They must not be credited to the…

Payments Associated with Contractual Agreements

…are represented by separate line items, each with a $1.00 placeholder. The department will be required to update the $1.00 placeholders on an annual basis to facilitate future payments. A…

Records Management – Payments to Vendors

Please note that financial documents must be retained in accordance with to the U of T File Plan – Finance. Documents relevant to the section Purchasing and Payments to Vendors…