How to enter Shares purchased by SMSF

Denise Durant
Denise Durant Member Posts: 42 Reckoner Reckoner

Hi all,

For Shares purchased by a SMSF, what account do I need to set up? Are they an asset account?

For dividends received, I assume it would be an "other income" account.

Any advice would be appreciated. Thanks

Denise

Best Answer

  • Kris_Williams
    Kris_Williams Member Posts: 3,761 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    That is how I would set it up. I also make note of any Franked credits in the memo column