Tuition scholarship

Hey there, shegold19. I recognize the importance of recording scholarships while maintaining a clear picture of full tuition for your student accounts.

While QuickBooks Desktop doesn't have a dedicated scholarship tracking feature, there are few workarounds using the existing functionalities such as creating discounts for existing invoices or creating sales receipt with an associated credit. However, you can achieve this with a slight twist depending on your workflow.

For complex scholarship structures or specific accounting needs, I'd recommend consulting with an accountant. They can advise you on the best approach to properly record these transactions to QuickBooks. In case you don't know any accounting professional, here's a link you can use to find one near you: Find a ProAdvisor.

Let me know if you still have other follow-up questions about scholarships or other money-movement transactions. I'll keep an eye for your comments.

So what is the best way? I want to see the entire amount when looking at a customer? 

I have invoices created for tuition payments. 

Probably, enter your invoices listing both the full tuition amount and the scholarship as a negative amount - using either a discount or other charge type item set up to track the scholarships.

How would this show in a report or looking at the customer overall? 

I want to see it easily defined. 

Total Tuition- Invoice every month for tuition-scholarship=0 

RE: How would this show in a report or looking at the customer overall? 

It depends on the report. What reports do you use where this matters?

RE: I want to see it easily defined. 

I don't know what you mean by that.