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Hello,
I am dealing with the scholarship program. Take the example of three scholars Mr. A, B & C. All of three are studying in our scholarships program in XYZ university in USA. We are paying their stipend, tuition fee, and health insurance fee to the University.
We pay to the vendor which is XYZ University against the Scholars (Vendors), the university keeps the tuition fee but transfers the stipend and health insurance to the scholar's account.
The question is how to properly record these payments as we want to record these payments against both Universities and scholars. The normal method is you just payment against the university in QB but in this case, you are unable to record against the scholar.
I am very grateful for any help in this matter
Thanks
I am dealing with the scholarship program. Take the example of three scholars Mr. A, B & C. All of three are studying in our scholarships program in XYZ university in USA. We are paying their stipend, tuition fee, and health insurance fee to the University.
We pay to the vendor which is XYZ University against the Scholars (Vendors), the university keeps the tuition fee but transfers the stipend and health insurance to the scholar's account.
The question is how to properly record these payments as we want to record these payments against both Universities and scholars. The normal method is you just payment against the university in QB but in this case, you are unable to record against the scholar.
I am very grateful for any help in this matter
Thanks