Student Financials: 1098-Ts

Owned by Bryan Riddle
Last updated: Jul 31, 2024 by Miranda Thomas
1 min read

Student Financials: 1098-Ts Training Agenda

Campus Cafe cannot legally provide accounting or tax advice on how to classify transactions. The training is limited to technical training that explains how the Campus Cafe 109-T function works.

Estimated Time: 1 hour

Audience: Individual(s) responsible for generating and verifying 1098-Ts

Prerequisites:

Topics:

  1. Overview

    • No printed forms; reports and ECSI file only

    • Limits of advice (The IRS provides guidance including topics such as Payments Exceeding Billed Tuition and Future Payments)

  2. Undergraduate vs Graduate (Admin > Major Maintenance; Credential Level; 0-3 is undergraduate; 4+ graduate)

  3. Transaction Codes (Student Financials > Transaction Codes)

    • Report Code 1098T

    • Payment Code 1098

  4. Run 1098-T Process (Students Financials > 1098T Select)

  5. Reports (Faculty/Staff > Base Reports)

    • Review Report

    • ECSI File