Education
Tuition Remission (Faculty/Staff Benefit)
Recording the non-cash benefit when an employee or their dependent receives free or discounted tuition.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Employee Benefits: Tuition Remission | Expense (+) | 3,000.00 | - |
| Tuition Revenue | Revenue (+) | - | 3,000.00 |
💡 Accountant's Note
To show the true value of the education provided, the school records the full revenue and offsets it with an 'Employee Benefit' expense. No cash moves.
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