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Financial Affairs

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Service Areas

Financial Affairs consists of financial support teams organized by a Controller and Treasurer led portfolio. Supporting services include: treasury, investment management, business development, student accounts and cashiering, accounts receivable, accounts payable, accounting, reporting, financial systems support, and more.

handing over payment cards

Accounts Payable & Reimbursements

Responsible for the timely and accurate payment of all non-payroll disbursements. This includes supplier invoices, travel reimbursements, T4A/T4ANR and Non-PO vouchers and other miscellaneous payments.

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OJN

Accounts Receivable & Invoicing (non student)

Provides fee configuration, cashiering, eCommerce and MacBill training, collection of student and non student (MacBill) debt. Corporate customers can obtain information on different payment methods available at the university.

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coins

Banking & eCommerce

Provides support on receipts and disbursement matters. Assist departments to comply with Payment Card Industry Data Security Standards (PCI-DSS). Provides support to the PCI-DSS Steering Committee to ensure the committee has the information required to make sound decisions.

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calculating reports

Budgeting

Provides support for the University budget process, acts as a resource to budget units and provides guidance and assistance to these units in planning, implementing, monitoring and control. Also provides support for the Budget Committee in making sound decisions and recommendations regarding the allocation of resources.

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ipad screen of graphs

Financial Reporting & Systems

Production support and maintenance for the Mosaic financial modules, financial report development and maintenance, co-ordination of the University’s year end and audited financial statements and other external financial reporting, HST and other non-payroll tax guidance.

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OJN

Investment Management & Trust Funds

Investment Management is responsible for McMaster University's investments associated with its pensions, group RRSP, and short-term and long-term (including endowment) investments. Trust funds provide a steady flow of income for the University to maintain and enhance our academic, research and scholarly activities.

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Procurement

Strategic Procurement provides support to purchasers across the University, and works toward continuous improvement of the purchasing process. Assists purchasers in obtaining the best value for their money while operating in accordance with all purchasing-related guidelines and regulations.

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Financial Affairs

Physical Address

1 James Street North – Room 414
Hamilton, Ontario, Canada L8R 2K3

Mailing Address

1280 Main Street West
OJN Room 414
Hamilton, Ontario, Canada  L8S 4L8

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If you have an accommodation need for a planned meeting, event, or interview, including alternative formats or communication supports, please e-mail or call us to make the appropriate arrangements.

Phone: 905 525-9140 ext 24373
Email: faweb@mcmaster.ca
Further Support: Accessibility Supports Page, Accessibility Hub

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