how to record dividend income?

Hi there,

There isn't a direct way to record dividend income in QBO. However, you can still achieve this by using a journal entry and I'm here to guide you in getting the best help available.

First, we'll need to create an income account for Dividend income. This is specific to your accounting methods, and it's best to run this by your accountant to get the best advice. They can help you figure out how to record this to get the desired outcome. 

If you're not already working with an accountant, this would be a great time to connect with one in your area. Here's where to find one: Find an accountant. These ProAdvisors specialize in QuickBooks and they'll get you back on track to record your dividends. 

After you have created a journal entry and want to make changes or reverse it, you can learn how to fix it by visiting this article: Reverse or delete a journal entry in QuickBooks Online.

Feel free to ask any questions about processes in QuickBooks Online, and we’ll be happy to provide more tailored advice.

@tallyroninc 

It's best to avoid journal entries whenever possible in QB.  Record this using a bank deposit and assign 'Investment Income' (Other income) to the deposit.