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Nov 9, 2022 2:22 PM UTC
Question

How do I record dividends paid?

When dividends are paid out of the bank where I do post them to?

1 reply

Nov 9, 2022 2:38 PM UTC

Hi ruth@barlowfinan, you can create an equity account in your Chart of Accounts to track dividends. Once you have this, create a journal entry (+ New > Journal entry), set the date in the date field, and then enter the bank account and amount on one line and the dividend account and amount on the other. 🙂