How to treat dividend and interest income

Hi  Hawkipa,

Hi and welcome to the community. I am sure as investments company your know-how of accounting and bookkeeping will be quite good. 

This may not be a complete solution for your query but it will be helpful -

https://community.intuit.com/questions/1642843-update-an-investment

Also I think Rustler and EmilyMockett could give us some of their valuable insights

. 

Many thanks for your message and link.   I will have a read.  Have a good day.

Regard

Paul

@Sangeethmathew

Interesting link, but it is wrong.

@Hawkipa

interest and dividends received are income, some folks  post them all to the same named income account, others create two named income accounts, either way works.

You can make a service item named for each, and select the income account on the item screen.  Use that item on a sales receipt for the investment broker as a customer, then deposit the funds

OR

go to make deposits, select the income account as the source (from) account for the deposit and enter the amount.

Using an item and sales receipt is better in that it allows you do good reporting