[GNC] Entering Dividend Confusion
xboxboy.mageia+GnuCash
xboxboy.mageia+gnucash at gmail.com
Sat Jan 21 07:36:45 EST 2023
Thanks: That changes the column names when I attempt to enter
information by the looks, but I am going in circles here: Stuck in MYOB
mode I suspect.
I'm going to need my hand held I think.
My income tree looks like this
Income--->Dividends--->Specific Company Name Dividends----->Franked
Dividend (ie 30% tax paid)
------>Input credit (ie. the 30% tax paid above)
So I'm having trouble even just entering that :( What complicates it is
that it is reinvested, so I don't receive a cash payment as such.
That said, years ago I seem to have had my head wrapped around at least
the dividend payment, looking at some old transactions, what I see is a
split transaction that looks like this: (for example)
Acme Dividend $127.31 (Tot income)
Franked income (Assets:current assets: Bank CD: Smart
Access) $89.12 (charge)
Input Credit (expenses: Taxes: Franking Credits) $38.19
(charge)
Acme Dividend (Income: Dividend Income: Acme Dividend
Income) $127.31 (income)
Does that appear correct?
I've spent weeks trying things, and I am wild with myself that I just
can't drop back into it.
TIA
On 21/1/23 19:38, David T. wrote:
> Try using Transaction Journal view mode.
>
> Use separate income accounts for Taxed and Untaxed dividends.
>
>
> David T.
> On Jan 21, 2023, at 11:15, Gnucash Xboxboy Mageia
> <xboxboy.mageia+gnucash at gmail.com> wrote:
>
> Hi all,
>
> I'm trying to enter dividends, I'm following this video
> https://www.youtube.com/watch?v=WRNoabz1WSo but his page shows columns
> with shares/price/debt/credit, but mine has just buy/sell any ideas? How do
> I get those columns?
>
> I'm in Australia, so I wanted to enter dividend payments as 3 types:
> Taxed (franked), Untaxed (unfranked) and the Tax credit (input credit),
> and I reinvest the dividends typically.
>
> Thanks: All advice welcomed.
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