Overview of Accounting Process for Purchase Orders
…no longer required: See the quick reference guide: Finalize and Cancel Purchase Order Goods Receipt document recorded, but payment to the vendor was not processed using the Invoice Receipt process…
…no longer required: See the quick reference guide: Finalize and Cancel Purchase Order Goods Receipt document recorded, but payment to the vendor was not processed using the Invoice Receipt process…
…are requested by departments using FIS Master Record Forms. These FIS master records, which are part of the Funds Management (FM) and Controlling (CO) modules, include the following: FM Master…
…inventories: restrict access, keep adequate records, minimize obsolescence by avoiding overstocking and using appropriate distribution methods. Cash Minimize cash on hand and exercise appropriate cash security measures. See GTFM section…
…departmental account. This can be done from petty cash or using a Cheque Request Form. Any transaction to restore a fund shortage should be so identified and approved under the…
…be eliminated without impacting academic programs and operations must be submitted to the Financial Services Department upon request. Use of the operating reserves Divisions should have deliberate plans for using…
…for divisional operating reserve analysis. The benefit of using this report for this particular forecast is that the information is summarized and presented in the same format as the Year…
…loan agreement is subject to change during the term of the loan if deemed necessary by the lender. The University recommends using a 7% hurdle rate for the modeling of…
…and equipment requirements should be identified and estimated using the best available information, e.g. supplier’s price lists. In the case of significant and specialized items, consult with Procurement Services for…
…may share a portion of that revenue by reallocating the overhead budget using a Budget Transfer Revision. Refer to the GTFM section: Changing the original budget: Authorization and Procedures for…
…reimbursed only upon submission of original receipts. Considerations when using Per Diems: In the case of meals, in particular, the amount of the University allowance may not be sufficient to…