RE: 1098-T reporting

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Misc schps come in to the student account as debit to cash and credit to
unapplied credit (liability). When it pays for something on the account the
debit is to unapplied credit and credit to Student Accts Receivable.
Gale R Meyers
Bursar, Millersville University of PA
gale.meyers@millersville.edu
717-872-3025

-----Original Message-----
From: Marilyn Sauls [mailto:MSauls@mc.edu]
Sent: Monday, September 16, 2002 12:17 PM
To: bursar-l@virginia.edu
Subject: 1098-T reporting

Our controller asked me to find out if outside source or miscellaneous
scholarships are entered as revenue when received and and expense when it
is credited to a student's account? If not, how do you record the receipt
and disbursement of the scholarship money?
Marilyn Sauls
Bursar
Mississippi College

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