How to manually prepare dividend statements

Question

How can I prepare dividend statements manually?

Answer

To prepare Dividend Statements Manually:

  1. Navigate to Menu > Companies > Select the company you wanted to create a DIVIDEND STATEMENT for and click SEE FULL PROFILE
  2. On the Profile > All Forms > Share management > DIVIDEND STATEMENT
  3. Fill out the form with the following details from the client:
  • Date of Declaration
  • Proposed Payment Date
  • Dividend type
  • Payment type
  • Are dividends split equally between all share classes?
  • Amount
  • What Percentage of the Distribution is Franked?
  • Does discounted rate of 26% for small business apply?
  • Chairperson
  • Documentation to Generate
  • Meeting Address
  1. Complete the document so the documents are generated
  2. Navigate to  CRM > Workplace > Documents and search using the company name
  3. Select the Dividend statement to open this document
  4. Click AMEND DOCUMENT 
  5. Click on the Word file to Download. 

Changing the rate from 26% to 27.5%:

  1. Update the franking rate to 27.5 on the first page, and Imputed credit based on the data the client has sent:mceclip0.png

If the client does not have the data, the following computation can be used:

To calculate the Imputed Credit:

TOTAL DIVIDEND / (1-0.275)= ANSWER

TOTAL DIVIDEND - ANSWER = IMPUTED CREDIT

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