A stipend is a fixed sum of money paid periodically for services or to defray expenses. It is often distinct from a wage or a salary because it does not necessarily represent payment for work performed. Instead it is often paid to individuals who are participating in an internship, apprenticeship, graduate work, or a fellowship, just to name a few.
A stipend may also be paid out on a less frequent basis than a regular paycheck; often, stipends are given once per month, or even as a lump sum once per semester. Please Note: The income from stipends is reportable, per IRS regulations.
Complete information on Step 1:
Invoice:blank
Description: Type “STIPEND:”
Cost Sub-Total: Enter Amount, example below 750.00
Misc Charge / Freight Amount:Blank
Required Attachments:
• Detailed documentation of stipend amount
Complete Supplier on Step 2.
Use the magnifying glass to Search. In “Short Supplier Name” select down down “Contains”, and enter Last Name.
Complete information on Step 3: Description Line 1: Copy-n-paste Description From Step 1 (as much will fit)
Complete Step 4.
Updated 3/16/2018