Problem: How to accrue and pay dividends to shareholders?
Solution: Use the program tools as shown.
Before you accrue dividends, you should accrue retained earnings.
1. Create a GL Account for Dividend Payable in Chart of Accounts. Go to Accounting > See Also > Chart of Accounts:
Create it in Trade and Other Current Payables parent group:
Put Code, Description and Section as shown. Then Save and Close.
Section is an important field, and it defines Dimensions for this account as set in the system:
2. Create Transaction in Accounting > Service Tools > Transactions (General Ledger):
Add Transaction Remarks and Comment on the Main Tab:
And add record Dr Retained Earnings Cr Dividend Payable on the General Ledger tab to record dividend as payable. Put Shareholder in Dimension as shown:
3. Create a payment document (Cash Payment or Bank Payment) with Transaction Type - Others and Cash Flow - Dividends to pay dividend to shareholder:
Add Dividend Payable as Correspondence GL Account and Shareholder with its contract as Company:
So Dividends are paid to shareholder then:
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