How do I enter dividends paid into Accounts Hosted? Do I need to set up any new accounts?
Any help would be appreciated. Thank you
I would just use income accounts called Dividends Franked and Dividends unfranked and post the franked credit negative amount to your income tax account or a new account called Franked credits. I prefer to make a new account for the latter for clarification for accountant
You need to get the accounting right. Do you know the difference between a liability and income?
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