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Re: Recording dividend in stock and cash accounts

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Posted by Mark on July 13, 2001 at 00:12:00:

In Reply to: Recording dividend in stock and cash accounts posted by Martin on July 12, 2001 at 11:06:51:

: Hi Mark,

: In my portfolio, I have a stock account for Corp. A.
: This corporation give me a dividend of 1 euro per action,
: with a fiscal credit of 50% of the dividend, so 0.5 euro
: by action.

: I own 100 actions. So I receive 150 euros (100 euros for
: net dividend, and 50 euros for fiscal credit).

: 1) How do I record this transaction in my Corp. A stock account ?

: 2) How do I record this transaction manually in my cash account,
: which is in the same portfolio (I do not want to automatically
: see my cash account modified by this transaction) ? Basically, I
: want to see my cash account in-line with my bank's transaction
: statement.

: Thanks,

: Martin

Hi Martin,
How about just recording a distributed distribution of 150 euros
in Corp A. If you wanted, you could break it into 2 distributions if
you want to track the source more accurately.

You can just record a purchase of more shares in your cash account. It
is just a buy, at $1/share.

Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00

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