Hi,
We invoice each family for tuition and fees on a monthly basis. Most of our students receive a government tuition scholarship disbursed quarterly in September, November, February, and April, directly to the school. Currently, I am setting up two invoices for each student: one for the monthly out-of-pocket expense and another for the quarterly scholarship they receive. The scholarship amount varies for each student, so the out-of-pocket expense is also different for each student. As of now, I have set up an item called 'tuition fees' with an associated income account, and I also have another item called 'Scholarship funding' linked to a separate income account. The sum of both income accounts gives me the total listed tuition. I enter the 'tuition fees' amount for each student as the difference between the tuition and the scholarship, which is the Out of pocket for each student.
Is there a better way to set up the tuition invoices?
