If you’re trading as a limited company you may already be taking a part of your income as dividends. It is important that you keep the correct paperwork to support those dividends. This includes a set of board minutes to agree the dividend payment and a dividend voucher which is issued to the shareholder.
From today QuickFile are making it much easier to produce the backing documentation needed to support any dividend payment. You can find these new options in the “Reports” section under “Dividends”. You can then create your dividend documentation from any postings made to the “Dividends Paid” nominal code (3102).
You can also create dividend vouchers when you directly tag an outgoing payment from the bank to the dividend category. To make sure everything is prepopulated please first take a minute to setup your directors, shareholders and share capital profiles in the Management Information section (found in Account Settings menu).
That’s it for now, we hope you find this to be a useful time saver. If you’d like to suggest any improvements, we’re always happy to receive feedback.