The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> VT Transactions
Post Info TOPIC: VT Transactions
lisa marie


Member

Status: Offline
Posts: 7
Date:
VT Transactions
Permalink Closed

Hi Everyone

I am a new user of VT transactions and I'm just finishing a set of accounts and need a little help on how to record the dividends, I have entered the dividends on the balance sheet in the equity dividends column and  I am just unsure where I put the other entry so it balances. This is probably so simple but I'm going round in circles....... If I run the reports off the dividends are showing and have reduced the profit xd.gif but I am getting the accounts do not balance reminder no as I need to enter the other side of the double entry.........Can anyone help me please......

Thank you in advance 



__________________
Wella


Expert

Status: Offline
Posts: 2256
Date:
Permalink Closed

Hi Lisa

Are these paid Dividends? If so the other side would be the payment to the share holder.

You could PAY from a bank account directly to P&L > Equity Dividends. If it is to be paid to a directors loan account, then journal DR DLA and CR Equity Dividends

As you mentioned the account balance reminder, I am just reading between the lines, are you doing this adjustment in VT Final Accounts (the excel workbook), rather than VT Transaction? If so , I would make the adjustment in transactions, then re transfer into Final Accounts.

Any dividend being proposed after the balance sheet date (but not yet paid) can be entered in the Data sheet (line 89) of VT Final Accounts workbook, and shows up at the bottom of the balance sheet Dividends notes.

HTH

Bill



__________________

 

 
lisa marie


Member

Status: Offline
Posts: 7
Date:
Permalink Closed

Hi Bill

Thank you for your help. 

Lisa



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> VT Transactions
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About