Question asked by Denesh 6 years ago
Hello
How do I record a dividend received from another company that I own 15% shares in?
Company A (mine) owns 15% of Company B.
Just recently, Company B has just put in my dividends into the Company A's bank account.
I assume this is taxable and need to know which account to explain this transaction.
Thanks
Hi Danesh,
It's probably best to speak to a qualified accountant to know which account to code this transaction to, however, if company A is receiving money then you would process a money in transaction from the Money>Bank accounts menu for the appropriate account or import a statement and explain the receipt.
You can use one of the existing accounts or create your own using the guide below, but again I would advise speaking to an accountant regarding the account details.
https://support.clearbooks.co.uk/support/solutions/articles/33000203015-how-to-add-new-account-codes
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