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Processing federal student grant stipends

February 24, 2023
February 24, 2023

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Q. Should federal grant student stipends be processed through payroll or accounts payable? A. (Answered by the IOFM Advisory Panel) ----- We currently process stipends through AP. ----- We process stipends through AP since they need to be reported as 1099-MISC. ----- We process them through accounts payable. We do require a requisition be created first, then it pays through payables. ----- We process ours through accounts payable. ----- We process them through AP, since they are not regular…

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