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Genus PLC Dividend - Which nominal code

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
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The Secretary
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Genus PLC Dividend - Which nominal code

Post by The Secretary » 30 Jan 2015, 17:43

hi

Which nominal code and which tax code would I use for a Genus plc dividend payment received

Thank you

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brucedenney
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Re: Genus PLC Dividend - Which nominal code

Post by brucedenney » 31 Jan 2015, 17:00

Dividends are outside the scope of VAT so T9 would be the norm.

Where it would appear in the P&L is up to you and how you have arranged your P&L, in a typical format it would be in the 4000-4999 range.

Where it would go within that range is dependant on your circumstances.

If you make a substantial income from share investments, then you may break them down into sub sets, you might use a nominal coding to get the dividends in line, same order as, how the investments show in the balance sheet.

If it is incidental, it could go in misc income.

Where it goes depends on your view, your circumstances ...

You could ask your accountant, the business owner, or just make an account for investment income.
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The Secretary
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Re: Genus PLC Dividend - Which nominal code

Post by The Secretary » 05 Feb 2015, 17:38

Many thanks Bruce x

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