Dividend Account

Leanne's Avatar


09 Apr, 2013 10:25 AM

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.

  1. Support Staff 1 Posted by Mark on 10 Apr, 2013 12:58 PM

    Mark's Avatar

    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,


  2. Mark closed this discussion on 26 May, 2013 08:22 AM.

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