When your company has sufficient profits you may choose to pay a dividend to your company shareholders. When you create a dividend in inniAccounts you will be shown your available profit from which you can decide how much to pay out as dividends.
To pay a dividend, you must:
- hold a directors’ meeting to ‘declare’ the dividend
- keep minutes of the meeting, even if you’re the only director
- produce dividend vouchers
When you decide to pay a dividend our software will produce the minutes of the meeting and dividend vouchers for you.