How to enter dividends paid

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


  • Kris_Williams
    Kris_Williams Member Posts: 3,195 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    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