I have taken on a new client (limited company) which has been trading for almost a year and only now are getting their bookkeeping done retrospectively for the year. The only shareholder has been taking money out of the company as dividends, but nothing has ever been recorded (as in documents) so the only evidence is money being paid out from the business bank account.
I am now thinking about the dividend vouchers to show the tax credit on the dividends and I was curious to know what other bookkeepers on here did about it. Do you prepare a dividend voucher for your Ltd clients whenever a dividend payment is made or do you just record the payment in the books and leave the creation of the dividend voucher to the accountant at the end of the year (since it is tax related)? I'm just wondering if there is a common expectation from Ltd clients about this.
Thanks.
Fabs
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I would prepare the vouchers to avoid any confusion as to what the payments are for. Also this is another service you can then charge for because guaranteed the accountants will charge for preparing them.
