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Status Answered
Created by AgExpert Support
Created on Oct 7, 2019

Disqus Agexpert Accounting Questions Archive

Where do you post in AgExpert Program, dividends paid to directors?

  • ADMIN RESPONSE
    Feb 10, 2025

    The answer to this question is above, since I think this was a duplicate question. Here is the answer I posted:

    Hi Louise!

    Dividend payments are entered as a withdrawal from whichever account it comes out of. Your line type will be EQ, and you should have a dividends account there (if not, you will need to set one up). This amount will appear on the line as a negative number, since dividends are a contra-equity account and will always have a negative balance in it.

    Let me know if you have any further questions, thanks!

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