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CAO:: Chief Administrative Officer at OISE
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FISCAChecklist iconL YEAR
ACTIVITIES CHECKLIST

 





 

Beginning of Fiscal Year

 

Check mark indicating the task has been completed Run carryforward report and verify that the correct fund balance has been posted to the correct account.
Tick mark indicating task has been completed Run Budget to plan report to obtain the detail view (CO) and the higher level view (FM) of the current fiscal year budget.
Tick mark indicating task has been completed Reconcile accruals/Deferrals to actuals

 

Monthly

 

Tick mark indicating task has been completed Reconcile charges to Statement of Accounts.
Tick mark indicating task has been completed Review Payroll Distribution Report.
Tick mark indicating task has been completed Review 5 monthly Management Reports and distribute to Chairs/Unit Heads.

 

Year End

 

Tick mark indicating task has been completed All invoices for goods/services received are paid and no payments for goods/services not received.
Tick mark indicating task has been completed Prepare year-end accruals for goods/services received but not yet received (>=$5k).  All detail calculations must be correct in backup and must agree with proposed journal entry.
Tick mark indicating task has been completed Prepare deferrals for funds received but services not yet rendered.
Tick mark indicating task has been completed Review budgeted revenues to ensure the actuals have been recorded.
Tick mark indicating task has been completed For academic departments, prepare and process CRC salary & benefit recovery for the fiscal year.
Tick mark indicating task has been completed Review Academic salary account to verify transfers in/out have been processed and variances explained.
Tick mark indicating task has been completed Submit Accounts Receivable invoices for external customers to 215 Huron St.
Tick mark indicating task has been completed Ensure all bank deposits have been recorded in FIS.
Tick mark indicating task has been completed Post any outstanding parked documents.
Tick mark indicating task has been completed Submit carryforward spending plan for operating accounts to the Finance Office (Forcast # 3).
Tick mark indicating task has been completed Review Negative FM balances and make necessary corrections.
Tick mark indicating task has been completed Clear all outstanding balances in inactive accounts.
Tick mark indicating task has been completed Reconcile and replenish petty cash.
Tick mark indicating task has been completed Record all outstanding expense recoveries.
Tick mark indicating task has been completed Settlement of accountable advances due before April 30th.
Tick mark indicating task has been completed Clear old purchase orders.
Tick mark indicating task has been completed For departments/units with budgeted endowment income, ensure endowment income has been credited by Financial Services and verify the amount is correct based on the payout rate and the number of units as shown in the annual budget handout.

 

 

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