Probably a daft question (as usual), but we issued a couple of Interim Dividends through the year and posted these to a Dividends code under Equities/Balance Sheet to keep P&L looking correct for pre-tax profits.
We are now passed year end and due to exchange variances the final profits figure looks to be coming out even higher than expected and Directors/Shareholders wish to issue a final dividend from that year.
My question is how best to record this and then post all dividends to P&L?
If this final dividend is issued two months after year end, do we just post this final dividend to same Equities/Balance Sheet nominal at the date paid and then how would I get this back into P&L for the previous year (for which the dividend is being paid)?
