Your MYOB software isn't specifically designed to track the buying and selling of shares, but it's flexible enough to be customised for this purpose. We'll step you through one method you can use to ...
Updated 9 years ago
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Hi Julie_A_C - Ah, so that's what it means! In case it's pertinent - I do not provide my accountant with any info electronically - all he works from are the P&L and Balance Sheet which I print out for him. So since the ATO will already know all about my dividends, I can only assume that providing this info to the accountant serves as some sort of check/audit.
I'm still confused as to the need for a Customer Card for Dividends. Either way (with or without the Customer Card) whenever I record a dividend payment, I would note in the "Memo" field which company paid that dividend.
Since the accountant isn't asking for any more info than the totals for Franked/Unfranked/Other, I can't see what extra information could be gleaned through having a Customer Card, compared to just recording the dividend without one?