I have setup a CoA entry called 'Dividend Paid' from Owners' Equity>Dividend Disbursed.
The QB description for this is "Use Dividend disbursed to track a payment given to its shareholders out of the company’s retained earnings."
When I use this to pay a dividend to a shareholder, the amount paid incorrectly shows on the Balance Sheet (Equity) instead of just being deducted from the Retained Earnings. (It also correctly shows on the Statement of Cash Flow report).
Can this be changed to NOT show as an entry on the Balance Sheet and only show up in the Statement of Cash Flow?
