Re: recording dividend paid out of portfolio to shareholder

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Posted by scubas on November 09, 2006 at 19:37:52:

In Reply to: Re: recording dividend paid out of portfolio to shareholder posted by Mark on November 08, 2006 at 18:17:56:

: : hi. how do i record a dividend that the portfolio paid out to a stock holder? it wasn't the security that paid this dividend out, but my portfolio which paid out an amount to a shareholder. do i just use the sell function from the cash account? or do i use the return of capital function> thanks again.

:
: Hi scubas,

: Portfolios are a collection of investments. All transactions are recorded in the investments. I'm not clear on how the portfolio paid out a dividend that wasn't part of an investment? Do you mean the dividend was on your cash in this portfolio? If so, you can have an investment to track your cash, and record an interest income distribution in the cash account.

: Thanks,
: Mark
: --
: Fund Manager - Portfolio Management Software

Mark,

the situation is this. the portfolio has made profit & i want to return some back to shareholders in form of cash. what is the best way to record this? would you consider this a dividend? thanks.

Replies:

• Re: recording dividend paid out of portfolio to shareholder Mark 10:24:54 11/10/06 (0)