After creating the dividend, you must make a payment. Here are two methods, depending on whether you import bank statements.
Method 1: Without Importing Bank Statements
- Go to Money > Bank accounts.
- Select the bank account you're paying from and click Money out.
- Create a transaction for the full dividend amount.
- Click Explain and fill in the payment details. Under the "Current Liabilities" category, select the correct shareholder dividend account (e.g., "Joe Blogs dividends"). These specific accounts are automatically created when you set up the dividend using the tool. You can find a full list of these accounts in Settings > Accounting > Account codes.
Method 2: With Imported Bank Statements
- Go to Money > Bank accounts.
- Find the dividend payment on your imported statement.
- Fill in the payment details, making sure to use the correct shareholder dividend account as described in Method 1.