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Sep 24, 2019 11:53 AM UTC
Solved

I need to post a dividend in this financial year but do not have the cash pay it. Do I do a journal entry to credit the directors loan account? How do I then pay it?

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GeorgiaCAnswer
Sep 24, 2019 3:24 PM UTC

Hey textilecoloratio,

 

 

You can post a journal entry and then record paying this using an expense transaction by selecting the dividend account under the category details line.

2 replies

GeorgiaCAnswer
Sep 24, 2019 3:24 PM UTC

Hey textilecoloratio,

 

 

You can post a journal entry and then record paying this using an expense transaction by selecting the dividend account under the category details line.

Sep 24, 2019 4:51 PM UTC

Thank you. I'll try that.