Savings Account Entries

[Mike or Penny Novack]

>>> OK, so I have a savings account and I am posting a dividend. When I post it
>>> the software automatically splits the entry and then posts it also as a
>>> debit.
>>> What is the correct way to handle this.
Go back and reread the introduction to double entry bookkeeping.

I assume that you are entering this transaction in the "interest income" 
account where it it a credit. It is  debit to your savings account. In 
double entry bookkeeping, all transactions have debit(s) and credit(s) 
and the sum total of each must match. If this has you confused it can 
only be because not yet grasped the basic fundamentals.

This should be a simple (not split) transaction, one debit and one 
credit. A "split" transaction will have multiple debits, multiple 
credits, or both multiple.

Michael