Embedded Files
Budget reconciliation involves reviewing financial transactions and supporting documents to ensure accuracy and resolve discrepancies. Monthly reconciliation is key to financial accountability, confirming that transactions are authorized and properly coded in TMU’s Financial Information System (TMUFIS).
Reconciliation Manuals
Reconciliation Manuals
Budget reconciliation at the university happens on three levels: department, faculty, and institution-wide. The resources below support departments in managing their reconciliation process.
FIS/Oracle Help
FIS/Oracle Help
The above documents do not describe the technical process of downloading Oracle reports. For more information on downloading reports and searching for discrepancies in individual GL accounts in Oracle, please see the information on Oracle/RUFIS.
Having trouble? Contact fishelp@torontomu.ca
Staff can also contact the Financial Services Helpline at ext. 552688 for further assistance.
When budgeting for employee hires, remember that each employee group at Toronto Metropolitan University has different benefit and vacation rates.
Account Codes
Account Codes
TMU Compensation Estimator: Budget and Salary Tool
TMU Compensation Estimator: Budget and Salary Tool
Use the TMU Compensation Estimator to quickly estimate salary costs for staff hires. Just enter your total budget and the employee’s hourly rate, and the tool calculates the weekly hours you can afford. It also provides a detailed breakdown of the total contract cost—including vacation pay and benefits—based on the employee type selected, making budgeting easier and more accurate.
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