Education
Federal Work-Study (FWS) Payroll
Recording student wages where 75% is funded by the government and 25% by the school.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Student Wages Expense (School Share) | Expense (+) | 250.00 | - |
| Grant Receivable (Federal Share) | Asset (+) | 750.00 | - |
| Cash / Wages Payable | Asset/Liability (-) | - | 1,000.00 |
💡 Accountant's Note
This reflects the matching requirement for federal work-study programs. The school only 'expenses' its own required contribution.
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