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kthompsonrmt
New Member

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

2 Replies
william_newfeld
New Member

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.

v