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It is time to go back to school (hopefully!). If your school receives scholarships from a governmental unit for specific children, you can track these in QuickBooks. The examples I’ll be showing are using the Premier version, but the same concepts work for QuickBooks Online. Assumptions: Let’s start by reviewing the assumptions. For this example, I assume: the parents apply directly to the government or grantor for the scholarship money is paid directly to the school payments are received by semester from the grantor if a student drops out, the scholarship money is prorated and given back to the grantor...

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