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lilypearl
Jun 12, 2023 9:46 PM UTC
Question

Posting Dividends received from Canadian and USA stocks

Hello, We have a stock portfolio of Canadian and USA company shares like Royal Bank of Canada, Microsoft etc. (passive income) which issues dividends and these dividends are then reinvested to buy more shares of the same company and left in our corporation.

How would I record receipt of these dividends in Canadian $ from Canadian companies and in USA $ from US companies (DR and CR entries and to which accounts)?

1 reply

JamesM4
Jun 12, 2023 10:14 PM UTC

Hello lilypearl,

 

Welcome to the QuickBooks Community. QuickBooks is an easy-to-navigate program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. In the meantime, feel free to check out the following article that shows you how to: Categorize and match online bank transactions in QuickBooks Online.

 

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below.

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