[GNC] Entering Dividend Confusion

[R Losey]

You need to make sure that your mutual fund or stock is set up as an
account type of "Mutual Fund" or "Stock" (right-click on the account,
select "Edit" and find the Account Type in the lower left corner. I don't
know if it matters, but I always have two-line entry (Preference->Register
Defaults (check box for Double Line Mode)

Reinvested dividends are entered on the stock or mutual fund; the company
should inform you the amount, and the shares reinvested.  So, if you own
stock XYZ that pays $90 in dividends, reinvested as 3.600 shares at
$25/share, in the XYZ account, you'd enter the appropriate category (Taxed,
or Untaxed), and $90 for the amount and 3.600 for the shares (GnuCash will
calculate the price for you).

I'm not clear on what a "Tax credit" is - does that mean that they have
taken taxes out of the dividend... so that, in the example above, you have
a $90 dividend, but they take $10 in taxes, leaving 80 to be reinvested
(3.200 shares at $25/share). It would be a similar entry, but I'd use a
split transaction; in the XYZ account, I'd record a purchase of 3.200
shares at $25/share for $80, with the taxed dividends being $90 and a tax
credit of $10.

Hope this helps.

On Sat, Jan 21, 2023 at 2:15 AM 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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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8