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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…

Direct Deposits

…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 solutions. The Financial Services Department…

Fiscal Year-end Closing Procedures

…such as recurring entries, Student Financial System Awards (FICA) and Division/Dept specific batch uploads. These entries can be rejected due to insufficient funds, while external parties continue to receive payments

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…

December 2018 Holiday Payments Schedule

December 2018 Holiday Payments Schedule…

December 2019 Holiday Payments Schedule

December 2019 Holiday Payments Schedule…

Holiday Payments Schedule Dec 2020

Holiday Payments Schedule Dec 2020…