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Where do I enter dividends paid to shareholder and income tax provision?

Hello,

I'm having trouble getting the balance sheet S100 to balance and I've determined the difference adds up exactly to the dividends paid and the income tax provision amounts combined. Where do I enter these so the balance sheet will balance?


Kasey

5 Replies

Where do I enter dividends paid to shareholder and income tax provision?

Hello,


I believe you are looking for dividends payable entered on the S100 under the liability section GIFI code 2962.

kerrybrook
Returning Member

Where do I enter dividends paid to shareholder and income tax provision?

If the dividends have already been paid in the year (2020) then don't you just add a negative number for cash dividends at line 3701 under retained earnings?

 

The amount of the dividends is deducted from line 1000, cash and deposits. 

 

Is there anything else to do?

Thanks.

Phee1
New Member

Where do I enter dividends paid to shareholder and income tax provision?

Can anyone explain why when I enter the Dividends paid to shareholders in the Dividends section of Easy steps they do not seem to affect the number in the Balance Sheet.  The amount of difference is exactly equal to the amount of Dividends paid.  I looked at last years tax and I seem to have entered everything in exactly the same way and it balances. Would appreciate any help with what I have done incorrectly.

WWorks
New Member

Where do I enter dividends paid to shareholder and income tax provision?

Did you figure out this issue? I am currently having the same problem. 

Where do I enter dividends paid to shareholder and income tax provision?

Please contact our phone support team by clicking this link  as they can view your screen to see what the issue might be.

 

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