[GNC] Entering Dividend Confusion

[flywire]

R Losey wrote:

> You need to make sure that your... stock is set up as an account type of
> "Mutual Fund" or "Stock"

No you don't, dividends can be entered into a dividend account like any
other transaction. The main feature of a "Stock" account type  is easier
revaluation of a portfolio, ie what is my portfolio worth on the day prices
were updated. It is also a stock classification feature on the payment.

I'm not clear on what a "Tax credit" is

It's a Franking Credit, the tax paid by the company on the dividend is
credited against the tax you owe eg if the company paid 30%  tax on the
dividend and your tax rate is 50% you only pay the extra 20% tax.

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