Hi all,
Here is the situation. A non profit organization I do some work for received a grant of $600 to pay a student a weekly stipend of $75 per week for 8 weeks. I want to set this up in QuickBooks so that I can give the person receiving the stipend a record / receipt of what he is receiving.
Any suggestions on how I can set this up so I can provide the student with some record of the amount he receives each week.
Thanks
I don't know if there are any special requirements to working with grants.
Assuming there aren't I would setup the grant as a liability w/student's name. Print the liability register & send along with each payment.
Thanks Tara,
Thanks for that suggestion, I never thought of that way. What I was doing was make the deposit of the grant and then write a cheque to the student and put the information in the memo portion, print it and include it with the actual cheque. It seemed to work, but was looking at a better way to set it up. Will look at your way and see how that goes.
Thanks,
Mike
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