Payment Terms

 

Accounts Payable makes every effort to ensure timely processing of payment requests. Checks are issued twice a week. Payment is considered to be complete on the day the check is issued. If check pickup is requested, it must be approved by the Accounts Payable Manager in advance.

Below represents the average processing times for payments requests:

  • Contracts and Purchase Orders are paid within 30 days of invoice date. Purchase order invoices can be submitted to Accounts Payable by the supplier or department using the e-Invoice portal.

    Important: An invoice uploaded to the Requisition in FTS will serve as backup documentation for the request. Invoice will not be forwarded to Accounts Payable by Contracts and Purchasing Services for payment.


  • Direct Payments are paid within two weeks of receipt in Accounts Payable
  • Employee/Student Reimbursements are paid within two weeks of receipt in Accounts Payable
  • Registration Payment Requests are paid within two weeks of receiving paperwork from department
  • Travel Reimbursements are paid within two weeks of receipt in Accounts Payable

 

Payments may be delayed if: