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M
mail19
March 20, 2023
Question

Capital Dividend

  • March 20, 2023
  • 1 reply
  • 0 views

Does a Capital Dividend need to be declared on the sale of an asset or can it be declared later? Where can the portion that will be declared a dividend in the future be booked IE: SHL

1 reply

A
Alex M
March 20, 2023

Hi there mail19,

 

It's vital that all your transactions be entered correctly for your books to be well balanced. QuickBooks Online is a great tool able to help you keep track of money in your account so you can see various reports about your business. I can point you in the right direction for assistance with your capital dividends.

 

In order to know the time when you should be posting your dividends, as well as the best way to add it as a transaction to represent them in your books correctly, I recommend speaking with your accountant. They'll be able to use their accounting expertise in order to guide you in making sure these dividends are correctly entered. You can invite your accountant to QuickBooks Online so they can see your books by going to the My accountant tab. You can also find an accountant near you that has experience using QuickBooks by clicking the Find a pro to help button located in that section.

 

If you have any other questions, feel free to reach out here.

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