Re: 1098-T reporting

From: Ginny Layton (laytonvh@muohio.edu)
Date: Mon Sep 16 2002 - 15:39:14 EDT

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    Our outside scholarships debit cash, and credit student accounts
    receivable, just as a student payment would. We apply them directly to the
    students' accounts. We include them as 'scholarships' in our 1098T reporting.

    At 12:17 PM 9/16/2002 -0400, Marilyn Sauls wrote:
    >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
    >
    >

    Ginny Layton
    Bursar
    Miami University
    Office: 513-529-8702
    Fax: 513-529-8788

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