Dividend Account
Hi there,
We are a very small limited company and we have two directors.
We are the only two people working here. We pay ourselves a "wage"
each manth and then we take "dividends" from our business. Where
should the dividends account be in easy books? I've read on one of
your forums it is in profit & loss - which is under the main
heading of net worth/capital - is this correct? Or do I set up a
"new account" under net worth/capital calling it director
dividends?
any help would be greatly appreciated.
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Support Staff 1 Posted by Mark on 10 Apr, 2013 12:58 PM
I cant give advice on your business but we set it up in 'Dividends' in 'Net worth/capital' and pay the dividends from this.
Hope that helps,
Karen
Mark closed this discussion on 26 May, 2013 08:22 AM.