Showing results for 
Search instead for 
Did you mean: 

Reply to Message

View discussion in a popup

Replying to:
Level 1

How do I record paying a dividend to shareholders

I have done:

Create New -> Cheque -> paid to the Dividends Payable (Current Liabilities) account. 

This now shows on the balance sheet as a current liability. How do I zero this once the dividend has actually been physically paid?