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textilecoloratio
September 24, 2019
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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?

  • September 24, 2019
  • 1 reply
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Best answer by GeorgiaC

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.

1 reply

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GeorgiaCAnswer
September 24, 2019

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.

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    textilecoloratioAuthor
    September 24, 2019

    Thank you. I'll try that.

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