Dividends
how do I add dividends and transfer the amount to my current account to which they have been paid
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1 Posted by -Kevin N. on 01 Oct, 2015 01:39 PM
Hi Raymond,
When a dividend is paid, the cash received is reflected in the Cash Balance column of the investment account's register.
If by 'current account' you mean the investment account that the dividend was just paid to, then no real further action is required on your part. If your investment account requires a Money Market sweep fund then you could purchase shares of said MM fund with the dividend so as to zero out the Cash Balance.
If on the other hand, 'current account' is an account other than the investment account then you have two options:
A) You can enter a Div txn to facilitate the dividend, then enter a separate Xfr txn to transfer the funds to the desired account. To do so, select the actual account that is to receive the funds from the 'Transfer' field drop-down list of the txn.
B) You can enter a DivXfr txn to facilitate the dividend as well as the transfer.
HTH -Kevin N.
System closed this discussion on 19 Mar, 2016 05:01 AM.